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Who we are

Our Mandate

Within the overall Government policy of strengthening the private sector’s role in the endowment of goods and services and with the approval of Cabinet, the Privatisation Commission (PC) is entrusted with the task of privatisation of federal government assets – such as its shares in banks, industrial units, public utilities, oil, gas and transport companies, and infrastructure service providers - in an open and transparent manner. In addition to the sale of shares or assets, it may offer concessions or the right to operate publicly owned assets.

The PC was established in 1991 to undertake Privatisation of public sector entities. On September 28, 2000, in order to strengthen the PC’s legal authority as a corporate body for implementing the government’s privatisation policy; the Government promulgated the Privatisation Commission Ordinance 2000. This legal framework increased PC’s independence and accountability and has provided greater comfort to investors. It was also specified that 90 percent of net privatisation proceeds would be allocated to debt retirement and 10 percent to poverty alleviation programs.
 

The Privatisation Team

Privatisation Commission Secretariat

PC is headed by the Chairman who is also the Chairman of the Board of the Privatisation Commission. Currently this post is held by Minister for Privatisation. The remaining staff consists of regular civil servants, consultants/ transaction managers and support staff. Currently 73 Government officers/staff, 20 Consultants and 16 Technical Assistants are in place.  Government officers and Consultants make recommendations for decisions through collective wisdom and submit cases for approval of the Secretary and the Chairman. Click here to obtain the PC's organization chart. Policy and important decisions related to privatisation transactions require approval of the Board of the PC while final policy decisions are made by the Cabinet Committee on Privatisation (CCOP).

 

Consultants / Transaction Managers


Privatisation, especially of major entities, is a technical and complex activity requiring inputs from highly qualified and experienced professionals. PC has, therefore, hired professionals from the private sector designated as Consultants who are responsible for processing of the privatisation transactions. The basic criteria for appointment of Consultants is strong academic background, specialised skills and experience in the relevant field like business administration, economics, commerce, finance, accounting and law etc. depending upon the nature of the transactions. Consultants engaged have quality experience in the private sector institutions. The privatisation transactions are being processed by the Transaction Managers whereas technical and legal support is provided by other external Consultants. These Consultants have further improved their knowledge and experience by working in the Privatisation Commission. Their services are being utilized efficiently and effectively by the Commission.

Typical tasks for in house consultants / transactions managers include preparing the terms of reference and hiring external consultants/advisors, overseeing and assisting the external consultants to ensure timely submission of deliverables, liaising with the relevant ministry staff, regulators, and management of the entity being privatized, and advising on sectoral policies and regulatory frameworks related to privatisation. In-house consultants/transaction managers are also involved in providing legal, financial and technical support.
 

The Board of the Privatisation Commission

The Board of the Privatisation Commission is headed by the Chairman and comprises 15 other regular members. The two government members include the Chairman and the Secretary of the PC. In addition, the Secretaries of the respective Divisions whose matters are being discussed at a Board meeting are invited to be members for the issue under consideration. Click here to obtain a list of the current Board members.

Cabinet Committee on Privatisation (CCOP)

Created in 1991, the CCOP has operated continuously except for the period September 1998 to February 2000, when a Privatisation Board of Pakistan headed by the Prime Minister replaced it. This Committee of the Cabinet was headed by the Minister for Finance. Presently this is headed by the Prime Minister and includes the Ministers for Commerce, Industries, Production and Special Initiatives, Information Technology and Telecommunications, Labour, Manpower and Overseas Pakistanis, Petroleum and Natural Resources, Ports and Shipping, Privatisation and Investment, Textile Industry, Water and Power and Adviser to the Prime Minister on Finance. It also includes the Deputy Chairman, Planning Commission. According to its terms of reference issued in February 2000, the CCOP is to: