ISLAMABAD, July 27: Finance Minister Miftah Ismail has emphasized for reforms to improve the efficiency of State Owned Enterprises. Addressing a seminar on Improving the Corporate Governance and Performance of SOEs, in Islamabad on Wednesday, he admitted there is no dearth of competency in these institutions rather it is matter of only better laws to improve their governance.
Touching upon the economic situation, he said policies will be instituted to bring inclusive and sustainable growth. He said we have averted default and our priority at the moment is keep the country on the straight path of stability.
“There are two basic things we need to work on, that is to come up with better laws and better ways to privatize State Owned Enterprises (SOEs), and to improve their governance,” he said while addressing a seminar on SOEs reforms organized by the ministry of finance here.
He said some SOEs such as Roosevelt Hotel had been part of the active privatization list for decades but could not be materialize due to the inefficient privatization laws. He said generally the management of the SOEs was professional but the poor laws were the main obstacle which actually governed these enterprises. -TLTP
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