PC asked to fast-track contracts

Finance minister directs commission to present implementation plan within week

ISLAMABAD:

Finance Minister Abdul Hafeez Shaikh has directed the Privatisation Commission to accelerate the privatisation/ management contracts of all entities and present an implementation plan to the Cabinet Committee on Privatisation (CCOP) within a week to proceed further.

Shaikh’s directives came during a CCOP meeting on Monday. The Privatisation Division presented a summary on the privatisation status of National Power Parks Management Company Limited (NPPMCL). Different scenarios were presented to the CCOP for changing the capital structure ie the debt-to-equity ratio of NPPMCL.

After detailed discussion, the finance minister directed the Privatisation Commission to accelerate the privatisation/ management contracts of all entities and present an implementation plan to the committee within a week to proceed further. He directed the sub-committee constituted for NPPMCL to finalise its recommendations and place before the CCOP. The Finance Division tabled a summary regarding the shareholding structure of Pakistan Credit Guarantee Company (PCGC).

Published in The Express Tribune, January 5^th, 2021.

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