ISLAMABAD: Federal Finance Minister Ishaq Dar has discussed the process of privatisation with Privatisation Commission Chairman Muhammad Zubair, who briefed the minister about the progress achieved in this regard.
The Privatisation Commission chairman told Dar that the headway made regarding ongoing transactions with complete details of transactions planned for completion in the current financial year, which also include HEC and HBL (residual GoP shares), said an official statement.
The minister was informed that total of 69 entities were approved by CCI/CCOP under the privatisation programme and in 2013-14 two transactions (UBL, PPL) were completed. In 2014-15 ABL transaction had been completed and for 9 transactions, FASAs were already signed.
Similarly in case of 11 transactions, advertisements were published seeking EOIs from FAs and Investors. Ten more transactions were also to be initiated in the current financial year, Zubair added. The gross proceeds raised through the privatisation process in last 14 months were Rs67 billion, said the PC chairman.
