Werner E Liepach, Director General Central West Asian Department (CWRD) along with his team called on Minister Privatisation, Daniyal Aziz here in the federal capital on Friday. Liepach is responsible for ADB operations in Pakistan and he appreciated the federal minister's active approach towards the privatisation of loss making State entities which include PSM and PIA.
Federal minister apprised the DG ADB about the progress made regarding privatisation of aforementioned entities. Regarding PSM, Aziz said it is not an easy task as there are several challenges to get to the privatisation but the cost to the poor citizens is in 100's of billions if we don't move forward. Those making tall claims about postponing should also provide the cost. He further told that the CCOP approved a thirty-year concession transaction structure proposed by the financial advisors for the restructuring of Pakistan Steel Mills (PSM).-PR
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