Minister: Enterprise law amendments to stop public sector losses

CAIRO - 11 May 2020: Minister of Public Enterprise Sector Hisham Tawfik said a government draft law to amend articles of Public Enterprise Law no 203 for the year 1991 aims at bringing economic loses in the sector to a halt.

During a meeting of the parliament Economic Affairs Committee, under the chairmanship of Ahmed Samir, the minister said suggested amendments are meant to promote an-overall scheme to face up to the ailing economic situation besetting the sector.

The public enterprise sector is in dire need for ramping out all its capabilities to compete with the private sector, noted the minister.