Pakistan’s President General Pervez Musharraf has said that privatization forms a core of Pakistan’s economic strategy and an integral element of FDI, which along with exports and remittances helps balance out trade deficit. He underlined the importance of privatization in the country’s continued development.

He said that the Supreme Court verdict on Pakistan Steel Mills sale is independent and we must honor its observation and rectify. At the same time, the President expressed the hope that it would not affect the privatization process of the country as Pakistan wants greater inflow of investment into various sectors for its continued economic growth.