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

Turns down summary as Muhammad Zubair, his brother, was not entitled to pensionary benefits

PC says it can also help restructure and improve the SOEs where required

Govt will keep control of the companies, float their shares on stock market

Will also discuss selling stakes in PIA, KAPCO

The offloading of shares on the stock market will give billions of rupees to the government for budget financing

Privatisation Commission says privatisation of PIA property has not yet been initiated

In another option, it calls for starting sell-off process afresh

Government labels it among top priorities, but achieves little owing to several reasons

Company adviser had submitted a Rs225 million cheque which was dishonoured

The event is being organised by the Privatisation Commission in cooperation with the World Bank

Govt will keep liabilities of billions with company that controls the plant

Wants up to eight basic salaries as fruits of conducting transactions.