Islamabad: A delegation of the British High Commission called on the caretaker Federal Minister for Privatisation, Fawad Hasan Fawad, Wednesday at Privatisation Division.
The Minister apprised the delegation of the need for privatization, the current scenario and government’s strategy and priorities with regard to privatization. The minister also shared recent developments in the privatization process of PIACL and Roosevelt Hotel. The delegation was told that PIACL will undergo restructuring thereby improving its appeal for prospective buyers in the aviation industry.
The privatization of PIACL will bolster the aviation business in the country which will require some regulatory framework from the government.
Possibilities of cooperation with British High Commission in developing regulatory framework for aviation industry and for privatisation in general were also discussed.
It was agreed to further explore the options for cooperation and the capacity building of Privatisation Commission.