Federal Privatisation Minister Abdul Aleem Khan decided on Tuesday to implement planning pf mobilising the free economic zones (FEZ) nationwide.
According to details, Aleem Khan chaired a meeting. On this occasion, the proposals of projects like Bin Qasim Industrial Park in Karachi and Allama Iqbal Industrial City in Faisalabad came to light. It was decided to speed up the process of industrialisation and workload in all the FEZ.
Aleem Khan said: "The industrial progress is possible in 26 FEZ in different cities. The concerned departments need to get themselves immediately active where there has been delay in the process."
Emphasising the need for the industrial uplift, Aleem Khan said: "We should not merely talk but take reasonable measures for the industrial progress."
"The industry shifted from China to Bin Qasim Industrial Park can be given room," said Aleem Khan.
The minister had urged the Board of Investment (BoI) to highlight the action plan and ensure steps for the concerned departments in line with the industrial zones.
Aleem Khan stated: "Not only should the speed, but the BoI also needs to give the results within one month."
– Privatisation of loss-making institutions crucial for economic health –
Few days back, Aleem Khan stressed the urgency of privatizing loss-making institutions to alleviate the burden on the national treasury and strengthen the economy.
He made these remarks while presiding over the 223rd session of the Privatization Board in Islamabad.
Highlighting the importance of swift action, the minister stated, "Privatisation of loss-making institutions is paramount. According to the law, these matters must be handled quickly."
He further stressed the need for confidentiality where necessary, particularly in privatization transactions, to ensure the integrity of the process.
The minister pointed out that the country's improving economic indicators, as reflected in the latest credit rating, demonstrate the potential benefits of privatization.
"The positive rating is a clear proof of the economic stability that can be achieved through reducing the fiscal burden of inefficient public enterprises," he said.
