PC reviews finalisation of entities to be included in active privatisation programme

ISLAMABAD: A meeting of the Board of Privatisation Commission (PC) was convened by the Chairman Privatisation Commission Mohammad Mian Soomro to conduct review of privatisation programme and to finalise entities which are required to be included in the list of active Privatisation Programme.

The review was conducted after consulting all relevant ministries and due consideration was given to the feedback provided by them. The board members gave their suggestions to include and exclude the SOEs in the next privatisation program. The proposed privatisation programme will be presented to the Cabinet Committee on Privatisation (CCOP) for their decision.

The chairman Privatisation Commission directed to leave no stone unturned to recover the outstanding dues receivable from the buyers of SOEs that were privatized in the 1990s.

It must be recalled that about Rs.3.9 billion are yet to be received from the defaulter buyers of various state owned entities.

Read More: Sale of KE shares subject to National Security Certificate issuance: privatisation ministry

The chairman PC also directed to fix the responsibility and approach all relevant investigative bodies to reach the truth and rectify the problem.

A meeting of the CCOP is scheduled to be held on Wednesday to consider the proposals and suggestions of the Privatisation Commission Board.