Govt committed to timely privatisation of SME Bank, Pak Reinsurance.

ISLAMABAD -- Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Tuesday chaired a meeting of the Cabinet Committee on Privatization (CCOP) at the Cabinet Division, where he was given an update on the government's privatization programme. The committee was informed that the privatization process of the SME Bank Limited and Pak Reinsurance Co Ltd (up to 20pc divestment) was moving ahead in a relatively faster manner and that the process in this regard would be completed within the required timeframe. On the revival of Pakistan Steel Mills, the CCOP directed the Privatization Commission to complete all the standard requirements in a regular but expeditious manner. The commission was further asked to update the government on any issues that may surface in the smooth running of the process. On a...