A meeting of the Cabinet Committee on Privatization chaired by Finance Minister Ishaq Dar in Islamabad has decided to initiate the privatization process of thirty-one public sector entities immediately.
The meeting also decided to offer and transfer twenty-six percent of the shares of these entities.
The government directed the Privatization Commission to ensure that interests of the employees are protected at all costs.
Well Done Mr Dar Sharif…..you have yet again proved that public private partnership goes in your favor as you did earlier. 28 percent disinvested and financial control given to minority shareholder so that they can buy the remaining shares with the operating income of the respective units. Further goverment will bear the loss of 74 percent . They will make sure that all kickbacks are taken in save heavens of UAE where there families live in style….Bravo…..Keep it up Mr Slimy Dar ..
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