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Referring to a news item issued by Reuters news agency regarding the possible date of privatisation of Pakistan State Oil Company (PSO), a spokesman of the Privatisation Commission clarified that PSO transaction was well on track and it was being targeted for bidding within next two months.
The Privatisation Commission is currently in the process of
pre-qualification of the parties for initiating due diligence of the
transaction in the data room, which has already been established and is being
opened soon. Every effort was being made to conclude the transaction within
the current fiscal year, the spokesman concluded.