The Privatisation Commission Board, to review the implementation of Board's decision of last two years, met here on Wednesday with Federal Minister for Privatisation Ghous Bux Khan Maher in the chair. PC Board showed concern over unimplemented decisions and directed to expedite their implementation, besides directing the PC to overcome the operational deficiencies if any to speed up the privatisation process.
While discussing the Capital Market Transaction Roadmap, the Board decided that as domestic capital market had been recovered so to help the local market, capital market related transactions should be expedited to ensure timely completion of such transactions. Board constituted a sub-committee to oversee progress as per timelines.
For hiring of lawyers and law firms for PC, PC Board constituted a committee comprising Laeeq Sheikh (Chairman), Director General (Admin & Finance), member and consultant (Legal), PC as members for short-listing of firms who have submitted EoIs, whereas 14 charted accountant and valuer firms also submitted EoIs for placement on PC panel. The Board selected eight charted accountant firms and two valuer firms to provide support services to PC for three years.
The Board also approved the audited accounts of PC for the year ending June 30, 2011. The Board members, representative of Ministry of Petroleum & NR, Ministry of Finance, senior officials of PC transaction managers and financial advisors attended the meeting. Second session of PC Board meeting will be held on Thursday (today).
Comments
Comments are closed for this article.