|
|
|
|
|
The Privatisation Commission realized proceeds to the tune of Rs.105
billion during the last two years including the recently conducted
privatisation of Pakarab Fertilizers Limited and National Refinery Limited, as
against Rs. 93 billion from 1991 to 2003. Dr. Abdul Hafeez Shaikh Federal
Minister for Privatisation & Investment stated this while chairing a meeting
of the Privatisation Commission Board here today.
The Minister said that in the coming weeks more important transaction would be
taken up including the bidding for Pakistan Telecommunication Company Limited
(PTCL) on June 18, 2005. He lauded the efforts and the good work done by the
PC Board and the officials of Privatisation Commission.
The Privatisation Commission Board reviewed the process of appointment of
Financial Advisor for the privatisation of Pakistan Steel Mills and took steps
to ensure adherence to the timetable of December 31, 2005.
The PC Board discussed the arrangements for the transparent bidding of
Pakistan Telecommunication Company Limited (PTCL) and expressed its
satisfaction. The Board was informed that the pre-qualified bidders would
deposit their earnest money US $ 40 million each latest by June 16, 2005 to be
eligible for participating in the bidding process as per laid down regulations
in the bid documents.
The meeting also reviewed the matters pertaining to the pre-qualification of
parties for the privatisation of Jamshoro Power Company (JPC), Karachi
Shipyard & Engineering Works and formulated its recommendations for CCOP for
the sale of Bolan Textile Mills Machinery, Badami Bagh Land of PECO and
Mustehkum Cement Limited.
PC Board members, representatives of the respective Ministries, departments,
organizations and PC officials attended the meeting.