Business

Govt to privatize the state institutions that are in losses: Dastgir

GUJRANWALA: Minister for Commerce Khurram Dastgir Khan said that the federal government will privatize the state-institutions that are in losses in order to reduce the burden on national exchequer.

According to Radio Pakistan, the minister made the statement as he was speaking during a ceremony here in Gujranwala,

Dastgir said that the federal government is spending over Rs. 600 billion to meet the losses of the state institutions.

He expressed his optimism that through Prime Minister Nawaz Sharif’s economic reforms programme, Pakistan International Airlines (PIA) will be transformed into a profitable institute.

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