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A meeting of the reconstituted Board of the Privatisation Commission, which
met here today under the chairmanship of Syed Naveed Qamar Federal Minister
for Privatisation, Investment, Ports, Shipping, Industries & Production, gave
go ahead for the appointment of Financial Advisor for the divestment of Kot
Addu Power Company (KAPCO) shares through offering of Global Depository
Receipts (GDR) in the international market.
The PC Board decided to initiate the process for the appointment of Financial
Advisor for the block sale of Habib Bank Limited (HBL) shares.
The PC Board also approved the recommendations of the pre-qualification
committee for the pre-qualification of bidders for Hazara Phosphate &
Fertilizers Limited with instructions to ensure maximum participation of
potential bidders.
The PC Board was given a detailed presentation on the status and process of
the privatisation of various ongoing transactions. The meeting also reviewed
the implementation status of the decisions of the PC Board.
Earlier, Syed Naveed Qamar welcomed the members of the newly constituted board
and hoped that their vast diversified corporate and management experience
would prove to be valuable for the whole privatisation process. The whole
process should be made clear and objective, he urged the new board.
The PC Board members Engr. Iftikhar ul Haq, Mr. Laeeq Ahmed, Mr. Abdul Latif
Yousafzai, Mr. Pervaiz A. Khan, Mr. Mahmood Nawaz Shah, Mr. Hameedullah Khan
Paracha, Mr. Ahmed Jawad, Secretary/ Member Privatisation Commission senior
representatives of the respective ministries/ departments and PC officials
attended the meeting.