PC Board approved committees for pre-qualification of the potential bidders.

ISLAMABAD -- Federal Minister for Privatization Mohammedmian Soomro on Thursday chaired the Privatization Commission (PC) Board meeting.

Federal Secretary Privatization, board members and senior officials of the ministry attended the meeting.

The Board was briefed about the latest progress made in the transactions of House Building finance Corporation (HBFCL), Jinnah Convention Center (JCC) and First Women Bank (FWB) which are at advanced stages.

The transaction structures of said entities have already been approved by the Cabinet Committee on Privatisation.

The Board today approved the committees for the pre-qualification of the potential bidders. EoIs for these entities are planned to be issued by mid-February 2021.

The financial advisors are presently engaged in soft marketing to attract the investors' interest.

The PC board gave its consent regarding the pre-qualification committees of all three entities.

The Board discussed in detail the decision of the Cabinet Committee on Privatization (CCoP) that Power Division and Ministry of Privatization to expedite the privatization/ management contract of DISCOS and submit an implementation plan, which was discussed by the PC Board meeting in detail.

Moreover, Power Division has indicated that objectives for privatization of DISCOs would also be furnished to PC shortly.

The Board was given presentation regarding the update in the transaction of PSEs which are to be privatized during this year.

It was briefed that the consensus of...