|
|
|
|
|
All measures should be taken to ensure workers rights during the
privatisation of public sector entities. Dr. Abdul Hafeez Shaikh Federal
Minister for Privatisation & Investment directed PC officials while addressing
Privatisation Commission Board meeting here today.
He expressed that the bidding results of Pak Arab Fertilizers Limited have
made it significant for variety of reasons and has made the transaction an
achievement as regard to revenue proceeds, the third biggest transaction after
UBL.
PC Board recommended for approval of Cabinet Committee on Privatisation (CCOP),
the highest offer of Rs.14.125 billion for the privatisation/ sale of
74,306,100 shares of Pakarab Fertilizers (Pvt) Limited (PAFL) received from
Consortium of Reliance Export under the umbrella of Fatima Group and Arif
Habib Group on Saturday.
The meeting reviewed the progress and status of various on going and upcoming
transaction including CTI, TIP, KS&EW, NRL and PTCL and formulated its
recommendations for consideration by the CCOP.
A presentation was also made before the PC Board by the Financial Advisor
regarding the privatisation of Karachi Shipyard & Engineering Works.
The PC Board members, senior officials of the respective Ministries and the
concerned departments were present during the meeting.