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, justifications and any issues ancillary to it for consideration of the Board and CCoP. Moreover, the Board directed to initiate the process for hiring of Financial Advisors for other PSEs in the Active Privatisation Program as approved by the Cabinet. The Evaluation Committees for the evaluation of proposals for the said Privatisation transactions were also constituted.

The Board also constituted a committee for resolution of the issue of contingent payments in case of Financial Advisory Services Agreements concerning Privatisation transactions initiated during the tenure of previous Government.

The Board also approved to initiate the process on Hiring of Human Resource and further directed to review Human Resource Regulations in order to streamline the same for the betterment of organization and to remove anomalies, if any.