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Govt to invite expression of interests for HBFCL, JCC, FWB next month

Govt to invite expression of interests for HBFCL, JCC, FWB next month Business January 22, 2021 ISLAMABAD: The government on Thursday decided to invite expression of interests from investors for the privatisation of state-owned House Building finance Corporation (HBFCL), Jinnah Convention Centre (JCC) and First Women Bank (FWB) by the mid of next month. The Privatisation Commission Board approved the committees for the pre-qualification of the potential bidders, while deciding to issue expression of interests for the entities by mid-February. The decisions were taken during a meeting presided over by Minister for Privatisation Mian Soomro. Secretary Privatisation, board members and senior officials of the privatisation ministry attended the meeting.

International hotelMian soomroPrivatisation commission boardJinnah convention centerCabinet committee on privatisationJinnah convention centrePrivatisation commissionServices international hotelFirst women bankNational power parks managementHouse buildingPrivatisation mianSecretary privatisationHeavy electricalசர்வதேச ஹோட்டல்ஜின்னா மாநாடு மையம்

PC fails to take sell-off decision

Power Division says it lacks capacity to prepare roadmap for privatisation of DISCOs Privatisation Commission has geared up for the sale of power distribution companies and will do its best to complete the task while remaining within its legal mandate, said privatisation ministry spokesperson. PHOTO: FILE ISLAMABAD: The Privatisation Commission (PC) board on Thursday could not take decision on privatisation of power distribution companies due to Ministry of Energy’s failure to improve the poor condition of these companies over the past two and a half years. The Power Division has shown its inability to even prepare a roadmap for the privatisation of power distribution companies, saying it lacked the “capacity”, showed official documents.

International hotelOmar ayubMuslim league nawazTabish gauharMohammedmian soomroSamreen zehraMinistry of privatisationEnergy taskHouse building finance corporationWorld bankMinistry of energyPeshawar electricity supply company pescoPrivatisation commissionJinnah convention centreCabinet committee on privatisationServices international hotel

Traffic disruption in twin cities of Islamabad and Rawalpindi on January 19

- Islamabad, Pakistan: PDM is staging a protest outside the ECP on January 19 (Tomorrow) on Constitutional Avenue in Islamabad that would disrupt traffic of twin cities. Traffic Gridlocks on Murree Road, Express Highway, Srinagar Highway, 26th Number Chowngi, IJP Road, Faizabad Interchange, Rawal Chowk, Club Road, Kashmir Chowk and Serena Chowk are expected as traffic will be diverted on alternate routes on Constitutional Avenue, Kashmir Chowk and Serena Chowk. The Red Zone commuters will be diverted on the Margalla Road by the traffic police. PDM rallies will be diverted towards Club Road. They can park their vehicles in a designated parking lot at the Jinnah Convention Center.

Marriott hotelNorth west frontierMaulana fazalMaryum nawazAyub chowkSerena chowkRawal chowkIslamabad traffic policeJinnah convention centerConstitutional avenueMurree roadExpress highwaySrinagar highwayNumber chowngiFaizabad interchangeClub road

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Andhra pradeshJinnah convention centerPakistan services hotel lahorePakistane services hotel lahoreServices hotel lahoreஆந்திரா பிரதேஷ்ஜின்னா மாநாடு மையம்சேவைகள் ஹோட்டல் லாகூர்

Sale of two LNG-fired power plants may get delayed

Top Story January 16, 2021 ISLAMABAD: With the possibility of accomplishing three transactions, including sale out of SME Bank till June 30, 2021, one of the major transactions for sale out of two Liquefied Natural Gas (LNG) fired power plants might get delayed and they may not be privatized by the first half of next fiscal year 2021-22, it was learnt. The sale out of SME Bank is on the cards with the expectation that its bidding will be done within the next couple of months. The possibility of sale out of Jinnah Convention Center, Islamabad, and Services Hotel, Lahore, are also on the cards within the current fiscal year. But all these three transactions cannot be completed without the support of the parent ministry or department.

Bhadur shahNational power parks management companyMinistry of privatizationJinnah convention centerServices hotelQatar investment authorityPrivatization commissionCabinet committee on privatizationLiquefied natural gasCabinet committeeHaveli bhadur shahBaloki powerIndependent power producersFinance ministryAtlas powerAsma capital