Board of Directors meeting of Privatisation Commission held

Islamabad, January 08, 2014 (PPI-OT): Meeting of the Board of Directors of the Privatisation Commission was held in Islamabad under the Chairmanship of Mr. Mohammad Zubair, Chairman/Minister of State, Privatisation Commission to consider the following:-

Sale of Heavy Electrical Complex (HEC)

Sale of National Power Construction Company (NPCC)

Divestment of minimum of 26% shares of PIA to a strategic partner

With regard to PIA, the Board resolved to divest minimum of 26% shares to a strategic investor and approved initiation process for the selection of the Financial Advisor for the purpose. Further the Board resolved that the employees’ interests shall be protected in the process.

The Board approved strategic sale of Heavy Electrical Complex (HEC) and National Power Construction Company (NPCC), and directed for initiation of the process for both the entities.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com