Australian High Commissioner Neil Hawkins met Federal Minister for Investment, Communications and Privatization Abdul Aleem Khan to discuss various critical issues including privatization and investment in Pakistan.
During the meeting, Abdul Aleem Khan emphasized the importance of the process of privatization of institutions to strengthen the economy of the country. He emphasized that privatization of loss-making institutions could transform them into profit-making enterprises, thereby easing the economic burden.
“Institutions like PIA, House Building Finance Corporation and First Women Bank are currently in the process of privatisation,” Khan said.
He pointed out that the nation’s economy suffered because of these loss-making institutions and argued that business activities were better managed by the private sector than by the government.
The minister highlighted the considerable potential for industrial development and foreign investment in Pakistan. He expressed optimism about the possibilities of growth and cooperation in various sectors.
“There is wide scope for industrial development in Pakistan, including foreign investment,” he noted.
Australian High Commissioner Neil Hawkins joined discussions on privatization and investment with a focus on strengthening bilateral cooperation between the two countries. The objective of the dialogue was to explore ways to strengthen economic ties and attract foreign investment to strengthen Pakistan’s economic environment.
The meeting ended with a mutual agreement on strengthening cooperation and moving towards common goals, reflecting a positive outlook for the future in the field of privatization and investment.
