Tuesday , May 26 2020

SME Bank, Balloki and Haveli Bahadur plant privatization matter,

ISLAMABAD: Asad Umar led meeting of the Cabinet Committee on Privatization (CCOP) on Tuesday.

The Secretary Privatization Commission presented a a detailed programme in the privatization pursit. The objectives of privatization were discussed.

Committee allowed privatization to started the process of privatization of newly established 1233 MW Balloki Power Plant and the 1230 MW Haveli Bahadur Power Plant.

The other entities approved to be privatized by CCOP are: (i) SME Bank Ltd (ii) First Women Bank Ltd (iii) Jinnah Convention Centre, Islamabad (iv) Lakhra Coal Mines (now Lakhra Coal Development Company) (v) Services International Hotel, Lahore.

Pakistan Steel Mills, PIA, Pakistan Railways, Utility Stores Corporation, NHA and CAA were removed out of the list from the Privatization list after a concrete long discussion.

National Bank of Pakistan was removed from the list among the list of financial organization.

The committee gave ordered that this process to be made as transparent as possible.

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