SOEs running into losses add to economic woes: PM

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday said that the country was facing financial problems and the state owned enterprises (SOEs) incurring losses were adding to these economic woes.
The prime minister chaired a high-level meeting on the affairs of Pakistan International Airlines (PIA). The meeting was given a detailed briefing on the different issues of PIA.
The meeting was attended by Caretaker Minister for Privatisation Fawad Hassan Fawad, Adviser to PM Ahad Cheema and other relevant authorities, the PM Office Media Wing said in a press release.
During the meeting, the prime minister expressed his concerns over the delayed decision-making with regard to issues of PIA.
He stressed upon expediting the privatisation process of PIA and other SOEs running into losses, adding that their losses could not be met with the public tax money.
The caretaker prime minister said that reforms in the aviation sector could bring better facilities to the public.
Transparency in the privatisation process should be ensured, he emphasised, adding fixing of responsibility for the losses was requisite so that necessary steps should be taken to avoid further losses.
The meeting was apprised of the progress on the financial situation of PIA and its privatisation process.
All the hurdles in its privatisation process were removed, it was further added.
The prime minister directed for accelerating privatisation of the national flag carrier to avoid further burden on the national exchequer.