23 ENTITIES BEING PRIVATISED ON FAST TRACK BASIS THROUGH PUBLIC PRIVATE PARTNERSHIP -Senator Waqar Ahmed Khan Minister for Privatisation
 

Islamabad, March 5, 2010

Out of 58 State Owned Entities (SOEs) 23 are being privatised on fast track basis through Public Private Partnership (PPP) mode. Senator Waqar Ahmed Khan Federal Minister for Privatisation said while chairing a meeting for privatising some entities of PEPCO (DISCOs) at Lahore today.

The Minister said that these entities were being restructured, reorganized and re-valued to access their true potential before taking them to the market while Boards of Directors of these entities were also being changed to bring in respective professionals and experts for the progress and growth of these entities, he said.

Keeping in view the keen interest being shown by the World’s top investment houses and business groups like Nomura International Plc; UK, Citibank, Goldman Sachs, J P Morgan and Morgan Stanley in Pakistan’s Privatisation Program who have expressed their intentions to address the key areas of attention in order to expedite the privatisation process and to make them attractive for potential investors, the Ministry of Privatisation and Privatisation Commission were in the process to have their Advisory services on Free of Cost basis, he added.

The Secretary Ministry of Privatisation Mr. Shahab Khawaja, MD, PEPCO, senior officials of PEPCO and PC were also present during the meeting.