ISLAMABAD: The Pri­va­tisation Commission Board on Tuesday approved pricing mechanism for divestment of government shares in Pak Re-Insurance Company Limited.

The ninth meeting of the board in the current year, presided over by federal Minister for Privatisation Mohammedmian Soomro, discussed various important issues, including approval of hiring a financial adviser for the Sindh Engineering Limited (SEL) transaction, pricing mechanism for divestment of up to 20 per cent of government shares in Pakistan Re-Insurance Company and update on the overall privatisation programme.

Federal secretary, board members, senior officers of the ministry and financial advisers also attended the meeting, said a press release.

After deliberations, the board approved the proposed pricing mechanism for divestment of up to 20pc government shares in Pak­istan Re-Insurance Com­pany Limited and recommended it to the Cabinet Committee on Privatisation (CCoP) and federal cabinet for final approval.

Published in Dawn, September 22nd, 2021