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There is a need to develop a comprehensive communication strategy for
creating awareness at all levels of the society regarding the privatisation
process so that the benefits of privatisation can be better explained and
appreciated, and any misunderstanding regarding the process removed. Mr. Zahid
Hamid Federal Minister for Privatisation & Investment stated this while
addressing a meeting of the Board of Privatisation Commission here today.
We should institute a program for public and stakeholders awareness, and
establish 2-way channels of communication to build consensus and public
ownership. This would help establish a more positive image of the
privatisation process through increasing the flow of factual information,
highlighting the achievements and benefits of privatisation to the common
man, especially under the government's policy of "Privatisation for the
People", he said.
The PC Board decided that the privatisation of Pak American Fertilizers
Limited would be dealt with in accordance with the transaction documents.
The meeting decided to initiate the process of the privatisation of Printing
Corporation (Private) Limited and to de-list Investment Corporation of
Pakistan (ICP) from Privatisation Program and to transfer it to State Bank of
Pakistan. The PC Board also approved the offer of shares to the employees of
Karachi Electric Supply Company (KESC).
The meeting reviewed the progress and status of the privatisation process of
various on going and upcoming transactions and reviewed the implementation
status of the decisions taken in the previous meeting. The meeting also
formulated its recommendations for the Cabinet Committee on Privatisation (CCOP)
regarding various ongoing entities.
Shaikh Ikramullah Secretary Privatisation Commission, Members of the Board of
the Privatisation Commission, senior officials of the respective Ministries
and departments attended the meeting.