National Assembly approves 68 demands for grants dunyanews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dunyanews.tv Daily Mail and Mail on Sunday newspapers.
The Federal Minister for Finance and Revenue, Shaukat Tarin, chaired a meeting of the Cabinet Committee on Privatization (CCoP) today.
The CCoP considered a summary presented by the Secretary, Petroleum Division titled ‘Divestment of Government of Pakistan’s Shares in PPL and OGDCL’.
The forum approved the ministry’s proposal, indicating that divestment of shares is not feasible at this stage and should be considered only when issues like the circular debt are resolved even partially; thereafter, strategic sale to a reputable Exploration & Development (E&P) company would be a preferred option.
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The Privatization Division tabled a summary based on a recommendation by the Privatization Commission Board regarding the provision of funds for the hiring of a Financial Advisory Consortium (FAC) of international repute, having pertinent experience in the technical, financial, legal, and regulatory fields to conduct the transaction of the DISCOs and to carry out an effect