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Government of Pakistan |
S.R.O. 67(I))/2007.---- In exercise of powers conferred
by section 40 of the Privatisation Commission Ordinance, 2000 (LII of 2000),
read with sections 22 and 25 thereof, the Privatisation Commission, with the
approval of the Federal Government is pleased to direct that the following
amendment shall be made in the Privatisation Commission (Modes and Procedures)
Rules, 2001:-
In the aforesaid Rules, after rule 6, the following new rule shall be added namely:-
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"7. A Special Purpose Vehicle (SPV) incorporated outside Pakistan, which is wholly and directly or indirectly owned and controlled by the bidder or purchaser and where the performances and obligations of such SPV are irrevocably and unconditionally guaranteed by the bidder or purchaser vide an instrument approved by the Privatisation Commission, may acquire property in a privatisation in accordance with the provisions of the Ordinance. The Privatisation Commission shall have the absolute discretion to impose such eligibility criteria in the Request for Statement of Qualification (RSoQ) documents with regards to a SPV as it may deem expedient and proper from time to time." |
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No. F. 16(14)P&C/PC/2001
Hafiz Rahim Bakhsh
Director