Prime Minister Shehbaz Sharif has instructed officials to accelerate the process of privatizing government departments and ensuring that its end within the designated timeframe.
The directive was issued during a review meeting in Islamabad on Thursday, where the assignment management system for monitoring the privatization process was discussed, Radio Pakistan reported.
PM emphasized that the process must be performed with full transparency and that any legal obstacles should be treated by engaging reputable lawyers. “The services of reputable lawyers must be hired to remove legal obstacles in the privatization process,” he said.
PM Shehbaz added that the privatization initiative is part of the government’s “Uraan Pakistan” program, which emphasized that the government’s role is to facilitate business and investment rather than engage directly in business operations.
“The government’s job is not to do business, but to take political measures and facilitate business and investment,” he said.
He further noted that the country is progressing rapidly towards financial improvement thanks to timely reforms and called for collective efforts to promote Pakistan’s development.
During the meeting, the Prime Minister was informed of the task management system for privatization and was informed of the timeline of privatization of various government departments.
The privatization process has been divided into three phases: Ten departments will be privatized in the first phase, thirteen in the second and the remaining departments in the third phase.