The Federal Minister for Finance and Revenue, Shaukat Tarin, chaired the meeting of the Sub-Committee of the Cabinet Committee on Privatization (CCoP) through a video link here at the Finance Division. Minister for Privatization, Advisor to PM on Institutional Reforms and Austerity, SA PM on Power, Chairman FBR and SA PM on Finance and Revenue participated in the meeting along with the secretaries of Power, Petroleum and Privatization Divisions.
During the meeting, the progress on the privatization of National Power Parks Management Company Limited (NPPMCL) was reviewed regarding important decisions taken at the level of CCoE, CCoP and ECC. The participants briefed the Finance Minister that the progress on the matters with the IPPs has boosted the investors’ confidence; there is also a significant development on the matters which have to be decided among the different government entities, Ministries and provincial governments.
The Finance Minister directed all the relevant stakeholders to meet during the next week for sharing progress on the respective tasks assigned to them to take the transaction to its final phase.
