The Commission shall:
| (a) |
recommend privatisation policy guidelines to the Cabinet; |
| (b) |
prepare for the approval of the Cabinet, a comprehensive privatisation programme; |
| (c) |
plan, manage, implement and control the privatisation programme approved by the Cabinet; |
| (d) |
prepare and submit reports to the Cabinet on all aspects of the privatisation programme; |
| (e) |
facilitate or initiate legislation as approved by the Cabinet by or on behalf of concerned Ministry in connection with the privatisation programme; |
| (f) |
provide overall directions for the implementation of privatisation related activities including, restructuring, deregulation and post-privatisation matters in sectors designated by the Cabinet; |
| (g) |
take operational decisions on matters pertaining to privatisation, restructuring, deregulation, regulatory issues including approval of licensing and tariff rules and other related issues pertaining to the privatisation programme approved by the Cabinet; |
| (h) |
issue directions and instructions to the management of a business undertaking falling within the purview of the privatisation programme approved by the Cabinet on all major important administrative, financial, reporting and policy matters; |
| (i) |
publicize the activities of the privatisation programme; |
| (j) |
propose a regulatory framework, including the establishment and strengthening of regulatory authorities, to the Cabinet for independent and fair regulation of each industry sector falling within the purview of the privatisation programme; |
| (k) |
advise the Federal Government in selection and appointment of the head and a member of a regulatory authority; |
| (l) |
advise the Federal Government that monopolies are not created in the process of privatisation; |
| (m) |
appoint advisors, consultants, valuers, lawyers and such other staff, both local and foreign, on such terms as it may determine to discharge its functions under this Ordinance; |
| (n) |
approve and take decisions and perform all acts to implement pre-privatisation restructuring, labour rehabilitation and severance schemes, and all other related matters as approved by the Cabinet; |
| (o) |
invite applications for the privatisation and ensure widest possible participation; |
| (p) |
evaluate bids received according to criteria determined by the Commission from time to time and formulate recommendations for consideration by the Cabinet; |
| (q) |
recommend to the Federal Government such labour and manpower rehabilitation programmes as may be necessary during privatisation and to develop a roster of such employees who may need rehabilitation; |
| (r) |
advise measures to the Federal Government for improvement of public sector units till their privatisation; |
| (s) |
assist in the implementation of Federal Government policies on deregulation and privatisation and advise the Federal Government on deregulating the economy to the maximum possible extent; and |
| (t) |
perform such other functions that are incidental or ancillary to carry out the privatisation programme approved by the Cabinet. |