In order to ensure high level of attention and to benefit from the collective wisdom of the top level economic managers of the Government, a Cabinet Committee on Privatization (CCoP) was created in 1991 to oversee the Privatisation related activites. The terms of Reference of the Committee are as under:-

  1. To formulate the Privatisation Policy for approval of the Government/Cabinet;
  2. To approve the State Owned Enterprises to be privatised on the recommendation of the PC or
  3. otherwise;
  4. To take policy decisions on inter-ministerial issues relating to the privatisation process;
  5. To review and monitor the progress of privatisation;
  6. To instruct the PC to submit reports/information/data relating to the privatisation process or any matter
  7. relating thereto;
  8. To take policy decisions on matters pertaining to privatisation, restructuring, deregulation, regulatory
  9. bodies and Privatisation Fund Account;
  10. To approve the Reference Price in respect of the State Owned Enterprises being privatised; To approve the successful bidders;
  11. To consider and approve the recommendations of the PC on any matter; and
  12. To assign any other task relating to privatisation to the PC

The Composition of the Committee is as under:- (1)

1. Prime Minister Chairman
2. Minister for Commerce and Textile Member
3. Minister for Industries and Production Member
4. Minister for Law & Justice Member
5. Minister for Ports & Shipping Member
6. Minister for Privatisation Member
7. Chairman, Privatisation Commission Member

By Special Invitation for all items

1. Minister of State for Petroleum
2. Minister of State for Power
3. Governor, State Bank of Pakistan
4. Chairman, Securities Exchange Commission of Pakistan
5. Chairman, Board of Investment
6. Secretary, Commerce Division
7. Secretary, Finance Division
8. Secretary, Industries and Production Division
9. Secretary, Petroleum Division
10. Secretary, Planning, Development and Reform Division
11. Secretary, Ports & Shipping Division
12. Secretary, Power Division
13. Secretary, Privatization Division
14. Secretary, Textile Division
15. Secretary, Water Resources Division
16. Secretary, Board of Investment

Note:

• The Committee may invite such other officers to its meetings as may be required from time to time.

• The Secretariat assistance will be provided by the Cabinet Division.

(1) Notified vide Cabinet Division’s notification No. 5/6/2017-Com dated 10th August, 2017 and 30th August, 2017.