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Prime Minister Shaukat Aziz has said that privatisation was the hallmark of
the Government's economic reforms agenda. Liberalization, deregulation and
privatisation were the cornerstone of the government’s economic policy.
The Cabinet Committee On Privatisation (CCOP) was informed that Rs. 417
billion had been received through privatisation proceeds during the last 8
years of the present government compared to Rs. 57 billion only during the
previous governments' privatisation from 1991 to 1999.
Presiding over a meeting of the Cabinet Committee on Privatisation (CCOP) here
today, the Prime Minister that said the Privatisation process must be carried
forward to sustain the pace of economic growth and competitiveness of
Pakistan's economy. The Prime Minister also commended the members of the
Privatisation Commission and Privatisation Board for their valuable
contribution in carrying out privatisation process in a transparent, open and
competitive manner in line with the best international practices.
CCOP was briefed on the privatisation process and was informed that an amount
of Rs. 26.9 billion has been received in the first four months of the current
financial year (2007-08). The privatisation process included the capital
market transactions and strategic
sales.
The Committee was also informed about the ongoing transactions that include
the privatization of Heavy Electrical Complex, National Power Construction
Company, Hazara Phosphate & Fertilizer Ltd., Pakistan Machine Tool Factory,
Faisalabad Electric Supply Company and Jamshoro Power Company.
The meeting was informed that capital market transactions coming up in the
next quarter would include GDR of National Bank of Pakistan and Kot Addu Power
Company (KAPCO)