Punjab Cabinet at its meeting with Chief Minister Shahbaz Sharif in the chairing Lahore on Saturday, approved privatization of Quaid-e-Azam Solar Power Private Limited.
The Chief Minister said investors have shown keen interest in the privatization of this project.
The Chief Minister directed for formation of Standing Committee of the Cabinet to monitor privatization process of the company.
The provincial Cabinet also approved establishment of Punjab Thermal Power Company Limited for new twelve hundred megawatt gas power Project.
The meeting also approved Amendment in Punjab Servents Housing Foundation Act 2004, amendment in Provincial Motor Vehicles Ordinance Schedule 12 and Punjab Zakat and Ushar Act 2016.
Source: Radio Pakistan