Cabinet Committee on Privatisation

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 activities. 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.

Adviser to the Prime Minister on Finance & Revenue    Chairman

Chairman

2.

Minister for Communication

Member

3.

Minister for Law &  Justice

Member

4.

Minister for Planning, Development & Reform

Member

5.

Minister for Privatisation 

Member

6.

Minister for Power 

Member

7.

Adviser to Prime Minister on Commerce, Textile, Industry & Production and Investment

Member

8.

Adviser to Prime Minister on Institutional Reforms and Austerity        

Member