, Federal Minister for Privatisation and Board of Investment Abdul Aleem Khan announced he is privatizing the national flag carrier.
The finance minister hopes to receive PIA offers soon.
On decreasing operational expenditure, Aurangzeb said the federal government will shortly decide on province-devolved ministries.
“The prime minister leads it. I assume the prime minister will discuss and decide on this side in weeks, he said.
The PSDP should include public-private partnerships, he said.
Government should incentivize private sector investment in PSDP, according to the finance czar.
Pakistan must “balance out” the National Finance Commission (NFC) Award formula to improve federal government revenue, Aurangzeb said.
I suppose we’ll have to balance the NFC Award formula eventually. We must consider this from an enterprise perspective. He stated that the federal government will communicate with the provinces before acting.
The government had rejected the IMF’s request for an NFC Award reconsideration during the second review negotiations under the $3 billion SBA loan program.
He stated the Pakistan Tehreek-e-Insaf (PTI) administration exited the IMF program, putting Pakistan’s repayment capabilities at danger.
He said the government’s job is to establish policies, and work is underway, adding that accusations against government activity won’t distract the centre from economic difficulties.
