Deputy Prime Minister and Foreign Minister Ishaq Dar chaired a meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT) on Friday. The session focused on reviewing progress regarding privatisation of state-owned entities and advancing the government’s ongoing economic reforms.
The meeting emphasized finalizing government-to-government (G2G) arrangements to ensure smooth transfer of assets. Officials noted that these arrangements aim to improve efficiency, safeguard national interests, and encourage greater private sector participation.
Ishaq Dar highlighted that transparent and effective execution regarding privatisation of state-owned entities is vital for sustaining investor confidence and promoting sustainable economic growth. He stressed that all transactions must follow clear procedures and regulatory guidelines to maintain accountability.
The committee discussed various strategies to streamline privatisation processes, including improved monitoring mechanisms and coordination among relevant ministries. Officials said that careful planning and adherence to legal frameworks would help attract credible private investors while protecting public assets.
Additionally, the session underlined the broader goal of economic reforms to strengthen state institutions. The government aims to reduce fiscal burdens, enhance operational efficiency, and stimulate investment in key sectors by leveraging private sector expertise.
Officials attending the meeting expressed confidence that prioritizing transparency and diligence regarding privatisation of state-owned entities will build trust among local and foreign investors. They also noted that successful execution of the privatisation agenda could create new opportunities for entrepreneurship, innovation, and employment.
The Cabinet Committee agreed to continue monitoring the progress of all ongoing and planned privatisation initiatives. It reaffirmed its commitment to ensuring that every step regarding privatisation of state-owned entities aligns with national interests and contributes to a more competitive and robust economy.
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