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A meeting of the Board of Privatisation Commission was held under the
chairmanship of Mr. Muhammad Wasi Zafar Federal Minister for Privatisation &
Investment here today.
While addressing the PC Board meeting Mr. Muhammad Wasi Zafar Federal Minister
for Privatisation & Investment stated that the privatisation process needed to
be taken forward as per the schedule drawn for the year 2007-08 in which
various entities were to be privatised and some IPOs and GDRs were envisaged.
The PC Board reviewed progress on various transactions and expressed
satisfaction on the progress being made on these transactions.
Various transactions were discussed by the Board who decided to invite
Expressions of Interests (EOI) from the investors for the sale of shares of
Pakistan Machine Tool Factory (PMTF) and Hazara Phosphate & Fertilizers
Limited (HPFL).
The PC board was given an update on the implementation status of the
privatisation process of various ongoing and upcoming transactions, which
included Printing Corporation of Pakistan (PCP) and divestment of KAPCO shares
through GDR. The Board also reviewed progress and status of various ongoing
and upcoming transactions and deliberated upon the various options for
divestment of shares of various entities in the international capital market.
Representatives from BMA Capital Management and Citi Group gave detailed
presentation on Capital Market instruments, which could be used as effective
tools in tapping Global investment.
Members of the Board of the Privatisation Commission, senior officials of the
respective Ministries and departments attended the meeting.