By Asghar Ali Mubarak
ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar chaired a high-level meeting in Islamabad to review the progress of the government’s ongoing privatization of state-owned entities.
The session brought together senior officials and members of the Privatization Committee, who took stock of current initiatives and outlined strategies to ensure that the process remains transparent, competitive, and efficient. During the meeting, the committee examined the status of various enterprises slated for privatization, identifying both achievements and challenges.
Officials discussed timelines, regulatory frameworks, and mechanisms to attract serious investors while safeguarding public interest. Ishaq Dar underlined the necessity of conducting fair market valuations, stressing that assessments should reflect not only the current worth of assets but also their potential for growth and future profitability.
Speaking to attendees, Dar emphasized that the broader goal of privatization is to stimulate private-sector investment and enhance operational efficiency. “Privatization is not merely an economic exercise,” he said, “it is a strategic step to enable these entities to respond more effectively to market dynamics while contributing to national development.”
The Deputy Prime Minister added that the government remains committed to creating an environment where investors have confidence in the process, supported by robust governance, transparent procedures, and competitive opportunities.
The meeting also explored ways to balance economic objectives with social considerations, ensuring that workers and communities connected to these entities are not unduly affected by the transition.
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