Privatisation Commission

Cleanses its balance sheet by transferring most of Rs825b to holding company

Cash-strapped airline says it has ‘temporarily’ grounded few of its planes

Fails to approve transaction structure due to differences over classification of assets

Privatisation Commission overrules objections raised over proposed transaction structure

Opts to get third-party advice instead of giving Roosevelt Hotel on lease

PC board gives nod to transaction structures

Minister says global companies are participating in privatisation process

PC approves hiring of financial advisers to sell stakes of two blue-chip firms

Chinese and Saudi Arabian companies stay away from the offer

Move comes just days ahead of visit of foreign investors interested in the plants