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Key Highlights of UBL & PPL Transactions
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Annual Procurement Plan 2013-14

LATEST NEWS

CCOP meets under Chairmanship of Ishaq Dar decides not to go ahead with the sale of OGDCL shares;                                

The CCOP at this juncture unanimously decided not to go ahead with the deal and said this decision clearly proves that divestment of OGDCL shares was not being undertaken under any IMF pressure and that future plan for the proposed sale would be chalked out whenever considered appropriate;                                

We are not going to change the structure of the company, not management and not going to sack any of the employees of the company so it should not be termed a privatisation of the company says Minister for State Muhammad Zubair;                                

Finance Minister said that the recently completed successful transactions of shares in UBL and PPL have resulted in enhancing investors’ confidence in the reform policies of the government. He emphasized that during the whole process Privatization Commission will have to maintain transparency and fairness at all levels of the transaction. He added that there will be no compromise on two basic principles; transparency and fair price for the transaction. He stressed that no GOP share will be sold for less. He added that, we should strive for maximizing participation from both foreign and domestic investors and fetch in the best price possible for our country;                                

Prime Minister Muhammad Nawaz Sharif has congratulated Privatization Commission of Pakistan on the successful conclusion of Pakistan Petroleum Limited (PPL) capital market transaction;                                

Prime Minister has said that the transaction has been a mega success, far better than any such transaction in our capital market history and it has broken all previous records;                                

PM said that it is the faith and trust of investors in our economy that government received more than 143 million shares (Rs. 30 billion) bids as against offering of 70 million shares (Rs. 14.3 billion) which is more than double the amount;                                


 

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 CHAIRMAN'S REVIEW



Mohammad Zubair


Privatisation is an important policy tool for generating growth and addressing structural imbalances by removing artificial barriers and opening up the economy to competition. Privatisation program is part of the economic reforms agenda of the Government that along with deregulation, restructuring and good governance seeks to enhance growth and productivity in the economy by harnessing the private sector’s capital and managerial potential as engine of growth and gradually decreasing Government’s role to providing level playing field and favourable business climate. The Government will, therefore, systematically come out of the “business of running businesses” and industry through privatization of public enterprises (PEs) and confining its role to:

  • Making policy and providing good governance

  • Providing a sound and effective regulatory framework

  • Ensuring social equity economic justice

  • Providing enabling environment, including physical and technical infrastructure and social services.....read more

 WAY FORWARD

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 VISION FOR THE FUTURE

Privatisation is an important economic reform policy tool for generating growth and to erase structural

inefficiencies by removing false barriers and opening up the economy to competition. The Privatisation program is part of the economic and structural reforms agenda of the Government that along with deregulation and good governance seeks to enhance the growth and productivity of Pakistan’s economy by harnessing the private sector as its engine of growth. It takes an integrated approach towards enhancing the private sector’s role and goes beyond just a transfer of public assets to the private sector by identifying the linkages and role of regulation, good governance, market competition in fostering....read more


Our long-term vision is a government that focuses on good governance and regulation, while

fostering conditions to provide incentives for the private sector to invest, in providing goods and services efficiently. This would generate employment opportunities, which is necessitated by business development and would ultimately decrease unemployment and poverty alleviation. In short, we believe that the Government has no business being in business. The Privatisation Commission can help to put business into the right hands while freeing the Government to focus on such matters as ensuring law and order and making sure that the enabling framework is conducive to investment while being fair to consumers and the taxpayers....read more


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