US investors to take part in privatisation programme

ISLAMABAD (APP) - The US investors team would identify areas and projects to take part in the privatisation programme in Pakistan.
This was stated by US Ambassador in Pakistan Anne W Paterson during a meeting with Federal Minister for Privatization Senator Waqar Ahmed Khan here Tuesday.
She said that US entrepreneurs already working in Pakistan were having continued interest to work and safeguard their businesses in Pakistan.
They were looking forward to the opportunities to further increase their operations by expanding the existing projects and to explore new avenues for investment, she added. The minister welcomed the US investors indication to participate in Pakistans privatization program and hoped that it would enhance the interaction between the investors of both the countries.
He said the government was committed to make Pakistan stable by setting the milestones to maximize profits of public sector entities through value addition, said a statement.
Worlds major investment houses were showing keen interest to join hands for making the Public Sector Entities profitable prior to presenting their 26 percent shares with management control to the private sector, he added.
He informed that the new devised policy would be focused to bring in efficiency and improvement in the Public Sector Entities to increase the value of national assets and not to go for outright sale.