The 225th meeting of the privatization Commission Board was held in Islamabad today on 30th September, 2024, under the Chairmanship of the Minister for privatization/Chairman privatization Commission, Abdul Aleem Khan. The board considered the report of evaluation committee on hiring of Financial Advisor (FA) for private sector participation in 3 DISCOs namely, GEPCO, FESCO and IESCO and took decisions with regards to adopting the process for hiring of the FA from panel of pre-qualified financial advisors as provided in Regulation 3(2)(c) of privatization Commission (Hiring of Financial Advisers) Regulations, 2018. The board also approved initiation of process for hiring of FAs from panel of pre-qualified Financial Advisors for privatization of Zarai Taraqiati Bank Ltd. (ZTBL) and the Utility Stores Corporation (USC). The board resolved to ensure maximum competition and utmost transparency in all privatization transactions.
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