PID

PR No. 24 Finance Minister Reviews Progress On Privatisation Islamabad

Finance Minister, Senator Mohammad Ishaq Dar chaired a meeting here Tuesday to review the progress of various privatisation transactions.

While briefing the meeting regarding the offer made to Government of Sindh to acquire Pakistan Steel Mills, the Chairman Privatization Commission, Mr. Mohammad Zubair informed that the Provincial Government had finally responded and sought detailed information on the financial and other aspects of PSM. He informed that the requisite information was being compiled and will be shared with the provincial government shortly.

The Finance Minister directed the Privatization Commission to provide the required information at the earliest so that the process could be taken forward expeditiously.

Secretary Privatisation informed the meeting that Privatisation Commission was working on various entities, which had been approved for privatisation/ divestment by the Council of Common Interest (CCI). He gave a detailed briefing on the various privatisation transactions in the pipeline and the progress achieved on each of them to-date. The Minister directed the Privatisation Commission to complete the due diligence process for the approved entities and optimally utilize in-house resources for the purpose.

The meeting was attended by the senior officials Ministry of Finance and the Privatization Commission.

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