Islamabad: The government of Pakistan is intensifying its privatization efforts, with Finance Minister Muhammad Aurangzeb announcing that twenty-four state-owned entities have been added to the privatization pipeline. This strategic move aims to enhance trade, investment, and tourism in the country as part of a broader economic vision.

During a meeting held in Islamabad with a delegation from Alvarez and Marsal, led by Peter Briggs, Aurangzeb reaffirmed the government’s commitment to these objectives. He stated that the initiative aligns with Prime Minister Shehbaz Sharif’s goals to tap into the region’s expanding economic corridor.

Briggs highlighted Alvarez and Marsal’s dedication to investing in Pakistan, noting the firm’s interest in the region’s burgeoning markets. As part of this commitment, the firm is considering establishing an office in Pakistan to support the government’s privatization agenda and attract global investors.

The discussions underscore the potential for significant investment opportunities and long-term growth in Pakistan’s expanding market, according to Briggs. The collaboration with Alvarez and Marsal represents a concerted effort to drive economic progress through strategic privatization.