WEB DESK: Prime Minister Shehbaz Sharif has said that he would not accept any delays in the privatisation process, which is an integral part of the Uraan Pakistan initiative. He added that he is personally overseeing the process.
“The government’s role is to support and facilitate investors and everyone must work together for Pakistan’s progress,” he said. PM Shehbaz also stressed that the privatisation process should be accelerated without compromising transparency. He said that he had also called upon legal experts to remove any hurdles in the process.
On January 6, the planning minister, Ahsan Iqbal had said that the aim of Uraan Pakistan five-year project is to “strengthen Pakistan’s development and to improve the country’s economic situation”. He had said that the future of Pakistan depended on increasing exports worth USD100 billion. The country would have to be developed through technology: “The performance of those sectors is very weak. The literacy rate in the country will have to be increased and the population growth will have to be stopped.”
In December last year, PM Sharif had said that the government has set an investment target of 10 billion dollars annually and an enabling environment is being created to attract local investment as well. He said privatisation and outsourcing are vital to save huge losses for which political dialogue is utmost necessary. He said private sector will be encouraged. Finance Minister Muhammad Aurangzeb had also said that “Uraan Pakistan” is aimed at attaining a sustainable GDP growth rate of six percent by 2028, one million jobs annually, and ten billion dollars private investment per year.