Dr. Abdul HAfeez Shaikh Adviser to PM on Finance & Revenue chairs CCoP meeting

Islamabad: September 19, 2019

Adviser to the Prime Minister on Finance & Revenue Dr. Abdul Hafeez Shaikh also chaired a meeting of the Cabinet Committee on Privatisation (CCoP) to discuss five agenda items related to the ongoing privatisation programme of the government. The meeting approved inclusion of State Life Insurance Corporation (SLIC)……


Federal Minister for Privatisation & Chairman Privatisation Commission Mr. Muhammadmian Soomro addressing the meetup with Corporation and Finance Sector Stakeholders to discuss Privatisation Program and outlook

Islamabad: September 13, 2019
The Privatisation Commission held a Meetup with the stakeholders to discuss the prospects for the privatistaion of State Owned Entities(SOEs) on 13th September, 2019 in Karachi. The event was attended by large number of prospective Financial Advisors….


Hiring of Financial Adviser for the Privatisation of National Power Parks Management Company (Private) Limited (NPPMCL)

Islamabad, Wednesday March 20, 2019

PC Board after thorough deliberations approved the appointment of consortium of Credit Suisse (CS), Elixir Securities (ES) & Ernst & Young Ford Rhodes (EY), Akhund Forbes, Latham & Watkins & Lummus Consultants International as Financial Adviser for the privatisation of NPPMCL, subject to successful finalization of Financial Advisory Services Agreement……….


Finance Minister Asad Umar chaired meeting of the Cabinet Committee on Privatization (CCoP)

February 13, 2019
Finance Minister Asad Umar here on Wednesday chaired meeting of the Cabinet Committee on Privatization (CCoP). Minister for Privatization Muhammad Mian Soomro was also present on the occasion. Secretary Privatization Division shared with the meeting progress on the Active Privatization List which includes National Power Parks Management Company, (NPPMCL), SME Bank, divestment of Govt’s residual shares in Mari Petroleum Company, Services International Hotel, Lakhra Coal Development Company, Jinnah Convention Centre, Islamabad and the First Women Bank Ltd……….


Finance Minister Asad Umar chaired Cabinet Committee on Privatisation Meeting on Wednesday

Islamabad: December 26, 2018

The meeting of the Cabinet Committee on Privatization (CCOP) was held here on Wednesday. Finance Minister Asad Umar Chaired the meeting. Secretary Privatization Division gave the meeting an update on privatization process of public sector entities on the active privatization list including RLNG Power Plants (Balloki and Haveli Bahadurshah) under National Power Parks Management Company (NPPMCL), Lakhra Coal Mines and Services International Hotel……


Privatisation Commission Launches E-Office Program

Islamabad, November 28th, 2018

Mr. Rizwan Malik, Secretary Privatisation Commission, in presence of the Federal Minister for Privatisation Mr. Mohammedmian Soomro, inaugurated the E-office system in Privatisation Commission today i.e. November 28, 2018. He stressed complete digitization of records on priority basis. He added that implementation of the program shall facilitate institutional reforms and help improve performance………..


Chairman Mohammedmian Soomro chaired meeting of the Board of the Privatisation Commission

Islamabad, 13th November, 2018

A meeting of the Board of Privatisation Commission (PC) was convened by the Chairman Privatisation Commission, Muhammad Mian Somroo to discuss matters related to implementation of new Privatisation program.

The PC Board directed the management of National Power Parks Company Limited to submit a working paper on feasibility for Privatisation of two power plants as a bundle package or as separate entities along with timelines…….


Chinese Envoy Meets Sommroo

Islamabad. October 22, 2018
The People’s Republic of China’s envoy to Pakistan H. E Yao Jing called on Federal Minister for Privatisation MohammedMian Sommro here today. The envoy discussed matters of mutual interest and the progress of China Pakistan Economic Corridor (CPEC). China and Pakistan enjoyed deep rooted friendly relations, which have now started benefiting the South Asia region, the envoy added. The Minister MohammedMian Sommro said that the people and the governments were closely related to each other and Pakistan was all set to prosper and progress with the cooperation and the experience of the great Chinese nation. Chinese investors could play lead role through competitive participation in Pakistan’s Privatisation Program, the Minister said………..


Finance Minister, Asad Umar chaired meeting of the Economic Coordination Committee of the Cabinet (ECC) on Tuesday

PR No. 16 Islamabad October 02, 2018
Finance Minister, Asad Umar chaired meeting of the Economic Coordination Committee of the Cabinet (ECC) on Tuesday. In consideration of proposal submitted by the Ministry of Privatization, ECC approved disbursement of Rs. 375 million on account of net salary for the employees of Pakistan Steel Mill for the month of August 2018. ECC directed immediate formation of special committee comprising representatives from Finance, Power Division, Auditor General of Pakistan, Ministry of Petroleum, FBR to address various issues relating to transfer of shares of K-Electric.


The employees of Privatisation Commission has very proudly joined hands with the Prime Minister of Pakistan’s initiative

The employees of Privatisation Commission has very proudly joined hands with the Prime Minister of Pakistan’s initiative and deposited two days salary in the Dam’s Fund for construction of Diamir Bhasha Dam. We understand that this initiative has given an opportunity to the nation to prove their strength, will and valor to fulfill national responsibilities. Privatisation Commission endorses the government’s initiative by stating that……….