Islamabad, Tuesday 30 October 2018

A meeting of the Board of Privatisation Commission (PC) was convened by the Chairman Privatisation Commission MohammedMian Soomro to conduct review of Privatisation program and to finalize entities which are required to be included in the list of active Privatisation Program.

The review was conducted after consulting all relevant ministries and due consideration was given to the feedback provided by them. The board members gave their suggestions to include and exclude the SOEs the next privatisation program. The proposed privatisation program will be presented to the Cabinet Committee on Privatisation (CCOP) for their decision.

Chairman Privatisation Commission directed to leave no stone unturned to recover the outstanding dues receivable from the buyers of SOEs that were privatized in the 1990s.It must be recalled that approximately Rs.3.9 billion are yet to be received from the defaulter buyers of various state owned entities. The Chairman PC also directed to fix the responsibility and approach all relevant investigative bodies to reach the truth and rectify the problem.

A meeting of the Cabinet committee on Privatisation (CCOP) is scheduled to be held tomorrow on 31st October, 2018 to consider the proposals and suggestions of the Privatisation Commission Board.