|
|
|
|
|
The Board of the Privatisation Commission in its meeting held on 24.07.2007
chaired by Mr. Zahid Hamid, Federal Minister for Privatisation & Investment
decided to appoint the Consortium of M/s Deutsche Bank, Morgan Stanley and AKD
Securities as Financial Adviser for the National Bank of Pakistan GDR
transaction, in accordance with the final ranking/recommendation of the
Evaluation Committee. The Board also decided that the transaction should be
processed and completed as expeditiously as possible.
The Board approved signing of the Financial Advisory Services Agreement with
M/s Khalid Majeed Rahman, Chartered Accountants for the privatisation of
PMDC’s coal and salt mines. The present status of ongoing transactions was
also reviewed in the meeting, particularly transactions relating to Pakistan
State Oil (PSO), land of Services International Hotel and Republic Motors
Limited at Lahore and Hazara Phosphate and Fertilizers Limited.
The Board decided to revise pay scales of the employees of the Privatisation
Commission in keeping with the revisions allowed by the Government of Pakistan
w.e.f. 01.07.2007 through the Budget.
Senior officials of the respective Ministries and Departments attended the
meeting.