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NA body seeks report on downfall of govt entity - Newspaper

ISLAMABAD: The Natio­nal Assembly’s Standing Committee on Privatisation on Thursday sought a report on the downfall of the public sector entity, Heavy Electric Complex (HEC), which is under the process of privatisation. A meeting of the committee chaired by MNA Syed Mustafa Mahmud recommended that the bidding process of HEC should be transparent in all respect. HEC was put on active privatisation list in August 2019 and the Cabinet Committee on Privatisation had approved sale of all (96.6 per cent) government-owned shares. The Privatization Commission has invited an expression of interest and asked investors to submit the same by Feb 9.

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