Govt Proposes New Privatisation Entity, Seeks Immunity for Merged Officials

ISLAMABAD: The Pakistani government has introduced a bill in the National Assembly aimed at establishing a comprehensive privatisation entity, which seeks to streamline the process of merging various state-owned enterprises. This initiative is part of broader economic reforms intended to enhance efficiency and attract foreign investment.

The proposed legislation, unveiled on Tuesday, includes provisions that would grant immunity to officials of the bodies being merged, a move that has sparked debate among lawmakers and economic analysts. Finance Minister Ishaq Dar emphasized that the bill is crucial for the country’s economic recovery, stating, “This entity will not only facilitate privatisation but also ensure that officials can operate without the fear of legal repercussions during the transition period.”

This development comes at a time when Pakistan is grappling with significant economic challenges, including high inflation and a depreciating currency. Experts suggest that the establishment of a dedicated privatisation body could potentially lead to more effective management of state assets and improved service delivery for citizens. However, concerns remain regarding the implications of granting immunity to officials, with critics arguing it could lead to a lack of accountability.

Looking ahead, the National Assembly is expected to debate the bill further in the coming weeks, with stakeholders from various sectors weighing in on its potential impact. The government aims to finalize the legislation by the end of the current parliamentary session, as it seeks to implement its economic agenda amid ongoing fiscal pressures.