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A meeting of the members of the Board of Privatisation Commission held here
today under the chairmanship of Syed Naveed Qamar Federal Minister for
Privatisation reviewed the implementation status and progress of the on going
transactions.
The PC Board while discussing the various options for the privatisation of SME
Bank decided to hold the Transaction Committee meeting in which the Financial
Advisor will provide reassessment of the transaction structure.
The Board was informed that the Terms of Reference (TOR) for Post Offices
transaction have been prepared for the appointment of Financial Advisor to
proceed further.
The PC Board also decided to initiate the process for the appointment of new
Financial Advisor for Jamshoro Power Company Limited to take the transaction
forward, which has already received encouraging response from 7 prospective
parties.
The meeting was informed that in line with the new Privatisation Policy the
recommendations have been finalized for the approval of the Cabinet Committee
on Privatisation (CCOP) to take on board the workers of State Owned Entities
for their empowerment by giving them shares in their respective units.
Mr. Ahmed Jawad Secretary Privatisation, PC Board members and senior officials
and consultants were present during the meeting.