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| April 7, 2003 | Monday | Safar 4, 1424 |
Privatization to be discussed
ISLAMABAD, April 6: The first meeting of the newly constituted Privatization Commission Board will be held on Monday to formulate recommendations for accelerated privatization of public sector entities.
Prime minister’s adviser on privatization and investment, Sena--tor Dr Abdul Hafeez Shaikh is the chairman of the board. The meeting will continue on Tuesday.
The prime minister’s adviser on finance, Shaukat Aziz, will preside over a meeting of the cabinet committee on privatization on Tuesday, which will take decisions about the board’s recommendations.
A road map for the upcoming transactions, including the strategic sale of Pakistan State Oil, Habib Bank, Pakistan Telecommunication Company, Karachi Electric Supply Corporation, Sui Northern Gas Pipeline Company, Sui Southern Gas Company, Oil and Gas Development Company, Faisalabad Electric Supply Company, Peshawar Electric Supply Company, Karachi Shipyard and Engineering Works, Jamshoro Power Company and National Construction Company will be discussed.
The meetings will also finalize the additional offer of the government shares of National Bank, the PTCL, Pakistan International Airlines Company, the SSGC, listing of the OGDC and Pakistan Petroleum Limited through the stock markets.
The government has gained Rs3 billion in three months through the divestment of shares of some entities through the stock exchange.—APP
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