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The Privatisation Commission Board which met here today under the
chairmanship of Mr. Zahid Hamid Federal Minister for Privatisation &
Investment allowed all interested parties to provide additional documentation
on priority basis to facilitate evaluation for the purpose of
pre-qualification for the due diligence in the privatisation of Pakistan State
Oil (PSO), with a view to completing the in order to complete the transaction
as soon as possible.
The PC Board constituted an inter-ministerial committee to discuss the mode of
privatisation of Pakistan Steel Mills Corporation (PSMC) with Ministry of
Industries, Production & Special Initiatives, Finance Division and
Privatisation Commission as its members.
For the sale of PTDC’s motels and restaurants another committee was formed to
firm up its proposals before initiating their sale.
The meeting discussed the privatisation of Sindh Engineering Limited (SEL) and
approved invitation of EOIs. In case of Pakistan Machine Tool Factory (PMTF)
it was decided that the transaction structure would be further discussed with
the Ministry of Industries, Production & Special Initiatives.
The PC Board also reviewed the status and progress of ongoing and upcoming
entities and directed to complete them after resolving all issues.
Members of the Board of the Privatisation Commission, senior officials of the
respective Ministries and departments attended the meeting.