ISLAMABAD: Key progress has been reported in the government’s privatisation drive as the Privatisation Commission Board, chaired by Adviser to the Prime Minister on Privatisation Muhammad Ali, held its 242nd meeting in Islamabad and approved several important decisions.
According to the official statement, the board approved sending the reference price of House Building Finance Company Limited (HBFC) to the Cabinet Committee on Privatisation (CCoP) and selected Pakistan Mortgage Refinance Company Limited (PMRCL) as the sole pre-qualified bidder. PMRCL’s bid will be opened after cabinet approval.
The meeting also reviewed PIA’s privatisation process, confirming that the AKD Group has joined the Arif Habib Corporation-led consortium in line with the Statement of Qualification (SOQ) criteria.
Additionally, the commission recommended including Islamabad, Lahore, and Karachi airports in the privatisation programme, with plans to hand over their management under long-term concession agreements.
The board expressed full confidence in the government’s privatisation agenda and reaffirmed its commitment to carrying out the process with transparency, speed, and strategic focus.
