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A meeting of the Board of the Privatisation Commission was held today under
the chairmanship of Minister for Privatisation & Investment, Dr. Abdul Hafeez
Shaikh to review and discuss the status of various on going and upcoming
transactions of Privatisation Program.
The PC Board decided to invite Expression of Interest (EOI) for the
privatisation of ICP Shell Company. The implementation status of the decisions
taken for certain transactions was also reviewed.
While addressing the meeting Dr. Abdul Hafeez Shaikh said that we were
progressing satisfactorily towards the execution of Privatisation Program,
which was attracting the local and foreign investors in all sectors. We have
achieved the target of credibility and transparency of our privatisation
process, which has boosted the investors' confidence and interest in Pakistan,
he said.
He added that Pakistan would continue to facilitate the investors at home and
from abroad while providing a level playing field to both and without any
discrimination between them.
The PC board discussed the matters pertaining to the privatisation of Pakistan
Telecommunication Company Limited (PTCL) and Karachi Electric Supply
Corporation (KESC). The meeting was informed that the remaining process of the
privatisation of PTCL would be completed in September 2005. The Board also
recommended to accelerate the process of ther privatisation of Javedan Cement
Limited (JCL) and Carrier Telephone Industry (CTI).
Members of the Board of the Privatisation Commission, senior officials of the
respective Ministries and departments attended the meeting.