AGL 22.90 Decreased By ▼ -1.83 (-7.4%)
AIRLINK 103.99 Decreased By ▼ -7.11 (-6.4%)
BOP 5.36 Decreased By ▼ -0.18 (-3.25%)
CNERGY 3.86 Decreased By ▼ -0.04 (-1.03%)
DCL 8.02 Decreased By ▼ -0.43 (-5.09%)
DFML 39.10 Decreased By ▼ -3.15 (-7.46%)
DGKC 86.95 Decreased By ▼ -2.65 (-2.96%)
FCCL 22.70 Decreased By ▼ -0.20 (-0.87%)
FFBL 40.59 Decreased By ▼ -1.39 (-3.31%)
FFL 8.89 Decreased By ▼ -0.15 (-1.66%)
HUBC 153.50 Decreased By ▼ -8.70 (-5.36%)
HUMNL 10.65 Decreased By ▼ -0.70 (-6.17%)
KEL 4.55 Decreased By ▼ -0.23 (-4.81%)
KOSM 3.90 Decreased By ▼ -0.16 (-3.94%)
MLCF 37.50 Decreased By ▼ -1.45 (-3.72%)
NBP 49.00 Decreased By ▼ -1.60 (-3.16%)
OGDC 134.15 Decreased By ▼ -2.96 (-2.16%)
PAEL 26.15 Decreased By ▼ -2.40 (-8.41%)
PIBTL 6.07 Decreased By ▼ -0.18 (-2.88%)
PPL 116.79 Decreased By ▼ -6.01 (-4.89%)
PRL 23.55 Decreased By ▼ -0.75 (-3.09%)
PTC 12.90 Decreased By ▼ -0.84 (-6.11%)
SEARL 57.25 Decreased By ▼ -2.80 (-4.66%)
TELE 7.45 Decreased By ▼ -0.31 (-3.99%)
TOMCL 35.74 Decreased By ▼ -3.66 (-9.29%)
TPLP 8.50 Decreased By ▼ -0.26 (-2.97%)
TREET 15.68 Decreased By ▼ -0.52 (-3.21%)
TRG 56.40 Decreased By ▼ -3.60 (-6%)
UNITY 33.40 Decreased By ▼ -1.00 (-2.91%)
WTL 1.18 Decreased By ▼ -0.04 (-3.28%)
BR100 8,433 Decreased By -274.3 (-3.15%)
BR30 26,639 Decreased By -1159 (-4.17%)
KSE100 80,118 Decreased By -1722 (-2.1%)
KSE30 25,681 Decreased By -584.1 (-2.22%)
Pakistan

Govt received 100 percent amount of 9 privatized entities

  • He also directed the all concerns that issues with other related ministries should be resolved immediately to expedite transactions.
Published February 18, 2021

ISLAMABAD: Federal Minister and Chairman Privatization Commission Mohammed mian Soomro here on Thursday was apprised that 100% amount of 9 government owned properties which were privatized in last year, has been received and remaining unsold properties in Rahimyar Khan,Multan and Swat will be re-auctioned in March 2021.

A regular weekly meeting on privatization transactions update was held here, which chaired by the minister, says a press release.

Federal Secretary Privatization, DGs, Transaction Managers and others also attended the meeting.

The minister was briefed about update on various transactions and told that for Privatisation of Heavy Electrical Complex (HEC) 12 EoIs have been shortlisted for issuance of Request for Statement of Qualification(RSOQ).

Transaction of HEC is expected to be completed by June 2021, whereas the transaction of Services International Hotel Lahore is also at advance stage.

A meeting of transaction committee for Privatisation of Jinnah Convention Center Islamabad is also scheduled to be held on 18 February to discuss the marketing status and efforts..

It is also pertinent to mention that in order to attract competitive bidding for Privatisation of Sindh Engineering Limited (SEL) privatisation commission has planned to re-initiate the process for hiring of Financial Advisor (FA) by mid of March in this year.

The progress on power plants of National Power Parks Management Company Ltd. (NPPMCL) ,Pakistan Steel Mills, First Women Bank ,PECO, HBFC and SME was also discussed.

The minister advised his team to expedite transactions by having multiplying efforts using all possible resources to complete transactions as early as possible.

He also directed the all concerns that issues with other related ministries should be resolved immediately to expedite transactions.

Comments

Comments are closed.