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The Privatisation Commission should be vibrant with a target to maximize
the sale proceeds by exercising utmost transparency and through a fair process
in accordance with the prevailing rules, regulations and procedures. Senator
Waqar Ahmed Khan Federal Minister for Privatisation stated this while chairing
a meeting of the Privatisation Commission after the assumption of new
portfolio here today.
The Minister urged upon the officials of the Privatisation Commission to adopt
international practices for improving image of Pakistan as an investment
friendly country for making effective efforts to attract the investors.
He said that the democratic government was fully determined to carryout the
privatisation of SOE transactions in the interest of the 170 million people of
Pakistan, he added.
He directed the Privatisation Commission officials to put up realistic
timeline for the privatisation of Cabinet Committee on Privatisation (CCOP)
approved public sector entities in a professional manner.
Earlier, Mr. Shahab Anwar Khawaja Secretary Privatisation Commission briefed
the Minister regarding the status of the ongoing and upcoming transactions,
which would be further reviewed sector wise. All senior officials of
Privatisation Ministry and Commission were present during the meeting.