Government committed to undertake disinvestment of Public Sector entities in transparent manner: Ishaq Dar

Islamabad, January 25, 2014 (PPI-OT): Federal Minister for Finance, Privatization, Revenues and Statistic Division Senator Mohammad Ishaq Dar has reiterated that the government is committed to undertake the disinvestment of Public Sector Entities (PSE’s) in a transparent manner and shall fully protect the interest of the employees working in PSE’s. Disinvestment, he said would be undertaken following due process and all legal and coda formalities would be observed.

He made these observations during a meeting with Privatization Commission at the Finance Ministry, this morning, held to review the progress in the disinvestment of PSE’s. The Chairman Privatization Commission Mr. Muhammad Zubair briefed the Finance Minister on the status of various PSE’s and the steps taken so far by the Privatization Commission to disinvest them.

The Finance Minister was informed that the Lakhra Coal Power Project had been cleared by Cabinet Committee on Privatization (CCOP) for disinvestment. The Finance Minister directed the Privatization Commission to initiate a summary for disinvestment of Lakhra Project for approval by the Council of Common interest (CCI) which is due to meet shortly.

The meeting was attended by the Secretary Finance Dr Waqar Masood, Advisor to the Ministry of Finance Rana Asad Amin, Secretary Privatization Commission, Mr. Amjad Ali Khan and senior officials of Finance and Privatization Commission.

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