ISLAMABAD: The Sindh government has finally responded to the federal government’s offer for the Pakistan Steel Mills, and sought detailed information on the financial and other aspects of the PSM, Privatisation Commission chairman Muhammad Zubair said on Tuesday.

Mr Zubair informed Finance Minister Ishaq Dar about the Sindh government’s decision during a meeting which reviewed the progress of various privatisation transactions being carried out by the Privatisation Commission and the offer made to the Sindh government to acquire Pakistan Steel Mills.

Mr Dar said the commission should provide the required information to the Sindh government at the earliest so that the process could be taken forward expeditiously.

The requisite information was being compiled and would be shared with the provincial government shortly, Mr Zubair told the meeting.

Privatisation Secretary Sardar Ahmad Nawaz Sukhera informed the meeting that the commission was working on various entities, which had been approved for privatisation or divestment by the Council of Common Interest (CCI).

He gave a detailed briefing on various privatisation transactions in the pipeline and the progress achieved on each of them to-date.

The finance minister directed the Privatisation Commission to complete the due diligence process for the approved entities and optimally utilise in-house resources for the purpose.

Published in Dawn, January 6th, 2016