Minister privatisation chaired progress review meeting

Islamabad, April 22, 2021 (PPI-OT): Federal Minister for Privatisation, Mohammedmian Soomro chaired weekly Privatisation progress review meeting in the Ministry today. Federal Secretary Privatisation Hasan Nasir Jamy, Additional Secretary Privatisation Khaqan Babar and other senior officers of the Ministry and Privatisation Commission attended the meeting. Federal Minister was briefed about the matters relating to progress on the transactions of various entities included in the active privatisation list. The impediments being faced were discussed thoroughly to clear them.

The progress made in the privatisation of National Power Parks Management Company Ltd.(NPPMCL) Nandipur and Guddu Power Plants, Heavy Electrical Complex, Services International Hotel, Jinnah convention Center, Pakistan Steel Mills, SME Bank, House Building Finance Corporation (HBFCL), First Women Bank was presented in detail. The issues of shares divestment of OGDCL, PPL and Mari Petroleum was also reviewed.

Mohammedmian Soomro stated that co-ordination with and cooperation of all the concerned Ministries, Divisions and other stake holders is very important for successful timely completion of transactions of PSEs, therefore, regular inter-ministerial meetings must continue. In the end, the Federal Minister urged the officers/ officials to make all out efforts to resolve the related issues so the targets could be achieved in stipulated time and also in an efficient and effective manner.

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