Due to utmost struggle of Privatisation team and govt policies privatisation program is on fast track: Mohammedmian Soomro.

ISLAMABAD -- The 9th Privatisation Commission, Board meeting of the current year held on Tuesday in Islamabad, under the chairmanship of the Federal Minister and Chairman Privatisation Mohammedmian Soomro. Federal Secretary, Board members, senior officers of the Ministry and Financial Advisors attended the subject meeting.

Various important issues including hiring approval of Financial Advisor for Sindh Engineering Limited (SEL) transaction, approval of pricing mechanism for divestment of up to 20% of GoP shares in Pakistan Re-Insurance Co. and update on the overall privatisation program was discussed.

In the meeting pricing mechanism (Floor Price) for divestment of up to 20% GoP shares in Pakistan Re-Insurance Company Limited (PRCL) was presented for approval of the PC Board. After deliberations the Board approved the proposed pricing mechanism and recommended it to the CCoP and Federal Cabinet for...