Privatisation Commission Decided To Accelerate the Privatisation Process

Islamabad: The Privatisation Commission Board met here today under the Chairmanship of the Federal Minister for Privatisation Mr. Ghaous Bux Khan Maher.

PC Board took review of implementation of Board’s decision of last two years and showed concern over un-implemented decisions and directed to expedite the implementation. The board also directed the Privatisation Commission to overcome the operational deficiencies if any to speed up the privatisation process.

While discussing the Capital Market Transaction Roadmap the Board decided that as domestic Capital Market has recovered, and to help the local market, Capital Market related transactions should be expedited. To ensure timely completion of such transactions Board constituted a sub-committee to oversee progress as per timelines.

For hiring of Lawyers and Law Firms for Privatisation Commission, PC Board Constituted a Committee comprising Mr. Laeeq Shiekh (Chairman), Director General (Admin and Fin), member and Consultant (Legal), PC as members for short listing of firms who have submitted EOIs. Whereas Fourteen Charted Accountant and Valuer Firms also submitted EOIs for placement on PC panel. The Board, selected Eight Charted Accountant firms and two Valuers firms to provide support services to PC for three years.

The Board also approved the audited accounts of Privatisation Commission for the year ending June 30, 2011.

The Board Members, representatives of Ministry of Petroleum and NR, Ministry of Finance, Senior officials of Privatisation Commission, transaction Managers and Financial Advisors attended the meeting.

Second session of PC Board meeting shall be held on 22.03.2012 in Privatisation Commission.

For more information, contact:
Privatisation Commission
5-A EAC Building Constitution Avenue, Islamabad- Pakistan
Tel: +9251 920 5146 -47
Fax: +9251 920 3076
Email: info@privatisation.gov.pk

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