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PR No.210 FINANCE MINISTER CHAIRS MEETING TO REVIEW MATTERS RELATED TO PRIVATIZATION Islamabad: January 24, 2017

Federal Minister for Finance, Revenue, Economic Affairs, Statistics & Privatization, Senator Mohammad Ishaq Dar, chaired a meeting to review matters related to Privatization here at the Ministry of Finance today.

Chairman Privatization Commission, Mr. Mohammad Zubair, briefed the Minister on the status of the ongoing privatization transactions. He apprised the Minister on the statusof various state-owned entities including Pakistan Steel Mills and SME Bank

Finance Minister emphasized that the government’s utmost priority with respect to privatization is to ensure that transactions are conducted in an open, fair and transparent manner. He said that the government is actively working to resolve the financial bleeding caused to the national exchequer by loss-making state-owned enterprises. He stated that the government makes a decision regarding the restructuring or privatization of each loss-making entity on a case-by-case basis while keeping in view the specific circumstances of each entity, and in the best interests of the people of Pakistan. He urged the Privatization Commission to complete the ongoing transactions in a timely manner whilst ensuring full compliance with the applicable laws and regulations.

The meeting was attended by senior officials of the Ministry of Finance and Privatization Commission.

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