Privatization must be subservient to national interests: FPCCI
ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Thursday said privatization policy should be in line with the national interests and the process should be carried out in a transparent way.
The policy must be altered to make it attractive for investors as well as subordinate to the national interests, it said.
In a joint statement with Tabassum Anwar, Chairperson QCCI committee on Trade and Commerce, she said that only a transparent asset sale process can help the country achieve results.
The wastage of national resources must be plugged otherwise the country will lose many companies while remaining dependent on foreign loans and grants, she added.