Hafeez Shaikh chairs CCOP meeting in Islamabad

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Cabinet Committee on Privatization (CCOP) in Islamabad today (Tuesday).

According to a press release issued by Pakistan’s information Department, the committee was given an update on Privatization program.

CCOP gave directions to Privatization Commission on Pakistan Steel Mills to complete all the standard requirements in a regular but expeditious manner.

On the proposal of the “Privatization of the Guddu Power Plant”, Ministry of Privatization briefed that they have received EoIs from Financial Advisers and parties have been shortlisted for issuance of request for proposals.

CCOP directed that there is a need for further discussion on the project between NEPRA, Power Division and Ministries of Finance and Privatization.

CCOP directed that they should come up with a joint proposal in the next meeting of CCOP for moving ahead in the transaction so that it may complete within the given time frame.

Abdul Hafeez Shaikh directed that all the processes related to the Privatization Process may be carried out in a transparent but expeditious manner so that all the targets are achieved within the given time frame.