Islamabad, Caretaker Minister for Privatization Fawad Hassan Fawad has emphasized the importance of privatizing non-profitable State-Owned Enterprises (SOEs) to bolster Pakistan’s economy.
According to Ministry of Information and Broadcasting, in a conversation with a private television channel, Fawad stated that the country is incurring significant financial losses by maintaining these underperforming units. He highlighted ongoing efforts to privatize some services of Pakistan Airlines and noted the urgency of such measures for economic benefit. Fawad also addressed concerns about employee rights in the privatization process, assuring that their genuine rights would be protected.