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Closing down PSM is not an option - Mr. Muhammad Zubair, Chairman Privatisation                                 

The 4th board meeting of the Privatisation Commission was held on April 22, 2014 under the chairmanship of Mr. Muhammad Zubair, Chairman Privatisation                                 

The Board was apprised on the efforts made by the Privatisation Commission on the execution of the approved Development Company (OGDCL), Pakistan Petroleum Limited (PPL) and United Bank Limited (UBL) for approval.                                

The Board on the basis of the technical and financial scoring unanimously approved to initiate the contract negotiations with the consortium of Merril lynch International, Citigroup global Markets Limited,KASB Bank Limited for OGDCL, Habib Bank limited, Bank Alfallah limited, Arif Habib Limited, Foundation Securities (Pvt) Limited,BMA Capital Management Limited for PPL and consortium of Credit Suisse, Arif Habib Limited & Elixir Securities for UBL, as Financial Advisors.                                

Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting on April 18 to review the progress of the privatisation                                

Chairman Privatisation Commission (PC) during the meeting said that the PC is working in an efficient and transparent manner to create an enabling environment that attracts private capital from foreign and domestic investors and also brings in qualified and experienced owners and operators                                 



Evaluation Report for Procurement of Financial Advisory Services
 

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 CHAIRMAN'S REVIEW



Mohammad Zubair


 

Privatisation is an important policy tool for generating growth and addressing structural imbalances by removing artificial barriers and opening up the economy to competition. Privatisation program is part of the economic reforms agenda of the Government that along with deregulation, restructuring and good governance seeks to enhance growth and productivity in the economy by harnessing the private sector’s capital and managerial potential as engine of growth and gradually decreasing Government’s role to providing level playing field and favourable business climate. The Government will, therefore, systematically come out of the “business of running businesses” and industry through privatization of public enterprises (PEs) and confining its role to:

  • Making policy and providing good governance

  • Providing a sound and effective regulatory framework

  • Ensuring social equity economic justice

  • Providing enabling environment, including physical and technical infrastructure and social services.....read more

 WAY FORWARD

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 VISION FOR THE FUTURE

Privatisation is an important economic reform policy tool for generating growth and to erase structural

inefficiencies by removing false barriers and opening up the economy to competition. The Privatisation program is part of the economic and structural reforms agenda of the Government that along with deregulation and good governance seeks to enhance the growth and productivity of Pakistan’s economy by harnessing the private sector as its engine of growth. It takes an integrated approach towards enhancing the private sector’s role and goes beyond just a transfer of public assets to the private sector by identifying the linkages and role of regulation, good governance, market competition in fostering....read more


Our long-term vision is a government that focuses on good governance and regulation, while

fostering conditions to provide incentives for the private sector to invest, in providing goods and services efficiently. This would generate employment opportunities, which is necessitated by business development and would ultimately decrease unemployment and poverty alleviation. In short, we believe that the Government has no business being in business. The Privatisation Commission can help to put business into the right hands while freeing the Government to focus on such matters as ensuring law and order and making sure that the enabling framework is conducive to investment while being fair to consumers and the taxpayers....read more


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