Federal Minister for Board of Investment, Privatization, and Communications Abdul Aleem Khan announced the government’s decision to privatize 24 state institutions, with Pakistan International Airlines (PIA) leading the list. The privatization process for PIA will be broadcast live on television to ensure transparency.
Addressing the 16th All Pakistan Chambers Presidents’ Conference, organized by the Rawalpindi Chamber of Commerce, Abdul Aleem Khan emphasized the government’s commitment to facilitating investment and creating a business-friendly environment. He highlighted initiatives such as the “Ease of Doing Business” and “One Stop Shop” platforms, designed to attract and boost investment in the country.
“The government’s role is not to conduct business but to provide facilities and create a congenial environment for the business community. By doing so, we aim to enhance foreign exchange reserves and ensure that economic benefits reach the grassroots level,” Khan stated.
He assured that the privatization of PIA and other institutions will be conducted with full transparency, with assistance from the media to uphold integrity. Khan also noted that several leading business groups have shown interest in the privatization of PIA, contingent on an improved business environment in Pakistan.
The Federal Minister praised the Rawalpindi Chamber of Commerce for organizing the conference and urged the forum to continue promoting investment in the country. He reiterated that a thriving business sector is crucial for economic growth and stability.
President of the Rawalpindi Chamber of Commerce Saqib Rafique commended the Special Investment Facilitation Council for its role in economic improvement and restoring business confidence. Group Leader Sohail Aftab stressed the need to rebuild trust among local and foreign investors.
The two-day conference saw participation from Presidents of Chambers across the four provinces, Kashmir, Gilgit-Baltistan, and Women’s Chambers. In his closing remarks, Abdul Aleem Khan distributed honorary shields to notable business personalities, acknowledging their contributions to the economic landscape.
This strategic move towards privatization is anticipated to attract significant investment, fostering economic growth and stability in Pakistan. The government’s efforts to streamline business processes and ensure transparency are expected to bolster investor confidence and drive sustainable development.
