PM Shehbaz directs completion of privatisation programmes according to agreed timelines
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday directed officials to complete all stages of the government’s privatisation programme within the prescribed timelines. Presiding over a meeting in Islamabad reviewing the privatisation of state-owned enterprises, the prime minister instructed relevant ministries and institutions to work in close coordination to ensure that all targets and…
Prime Minister Shehbaz Sharif has directed officials to complete all stages of Pakistan's privatisation programme within the agreed timelines, according to a statement issued by the Prime Minister’s Office. The meeting reviewed progress on the privatisation of state-owned enterprises, including the completion of financial closing processes for Pakistan International Airlines (PIA) and First Women Bank.
Officials discussed future targets, with expressions of interest (EOIs) advertised for the privatisation of Islamabad Electric Supply Company (Iesco), Faisalabad Electric Supply Company (Fesco), and Gujranwala Electric Power Company (Gepco), with deadlines set for August 7, 21, and September 7, respectively. The transaction offers investors an opportunity to acquire between 51 per cent and 100pc shareholding, along with management control, in each of the three distribution companies.
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