Caretaker Minister for Privatization Fawad Hassan Fawad has said that the privatization of non-profitable organizations is imperative to strengthen Pakistan's economy.

Talking to a private television channel, he said that the country is losing millions of rupees every day for running the sick units.  

He said that the Caretaker government is taking all necessary measures to privatize some services of Pakistan Airlines.

He said that hard decisions regarding privatizing sick units are need of the hour. We should speed up the privatization process to benefit the people.

To a question regarding privatization of House Building Finance Corporation, selected Banks, DISCOs, he said it will take time to complete the task of privatization.

To another question about employee issues after the privatization process, he said the genuine rights of employees would be protected before privatizing non-profitable units.