SOEs are running into losses add to economic woes, says PM Kakar.

ISLAMABAD -- Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday said that the country was facing financial problems and those state owned enterprises (SOEs) which had been incurring losses, were adding to these economic woes. The prime minister chaired a high-level meeting over the affair of Pakistan International Airlines (PIA).

The meeting was given a detailed briefing over the different issues of PIA. The meeting was attended by Caretaker Minister for Privatization Fawad Hassan Fawad, Adviser to PM Ahad Cheema and other relevant authorities, 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 privatization 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 privations 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 privatization process. All the hurdles in its privatization process were removed, it was further added. The prime minister directed for accelerating privatization of the national flag carrier to avoid

further burden on the national exchequer. Meanwhile, caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday ruling out the possibility of any delay in general elections, said that the polls would be announced and conducted on time. "I don't see any possibility (of delay in elections).

I don't have any confusion at all. I feel the elections will be announced and...