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‘Privatisation of Heavy Electrical Complex, Jinnah Convention by yearend’ July 8, 2021 ISLAMABAD: Privatisation transactions of Heavy Electrical Complex and Jinnah Convention Center are expected to complete by the end of this year, a meeting was told on Wednesday. Presiding over the meeting, Minister for Privatisation Mohammedmian Soomro said on Wednesday the focus is on the timely completion of the transactions, which were already extended due to the COVID-19 pandemic. “We are resolved to compress the timelines for the transaction completion of the identified entities and putting an all-out effort to improve the efficiency of these public sector entities on the one hand and reduce the fiscal burden on the economy on the other,” Soomro said. ....
Heavy Electrical Complex privatisation likely by end of September - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
Focused on timely completion of transactions of SOEs: privatisation minister arynews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arynews.tv Daily Mail and Mail on Sunday newspapers.
Privatisation of Nandipur Power, NPPMCL at advanced stage Business May 7, 2021 ISLAMABAD: Privatization process of 425 megawatts Nandipur Power Plant and National Power Parks Management Company (NPPMCL) has reached an advance stage, a minister said on Thursday. Minister for Privatisation Mohammedmian Soomro told an inter-ministerial meeting the privatisation of Nandipur Power Plant and NPPMCL is at advance stage. “We are taking all necessary steps for facilitating the national and international investors for successful privatisation of NPPMCL, Nandipur, Guddu and other energy sector entities,” Soomro said. The meeting discussed issues regarding privatisation of energy sector entities. Divestment of shares of Pakistan Petroleum Limited and Mari Petroleum Company Limited were also discussed. All technical, legal and other issues relating to the energy sector entities will be resolved with the corporation of all stakeholders expeditiously. All participan ....
Daily Times Minister says provision of microcredit will create employment opportunities at local level May 7, 2021 Federal Minister for Finance and Revenue Shaukat Tarin held a meeting with the Minister for Industries and Production Makhdoom Khusroo Bakhtiyar at the Finance Division to discuss the features of a new credit scheme for the SME Sector. SAPM on Finance & Revenue Dr. Waqar Masood was also present during the meeting. Governor State Bank of Pakistan Reza Baqir joined the meeting through video link. Governor State Bank of Pakistan briefed the Finance Minister on the proposal for the provision of funds for the small businesses (without collateral) for a tenure up to 3 years through the network of Commercial banks. The banks will design innovative products to reach out to the smaller businesses whereas the government will provide risk sharing facility to the banks, he added. The Governor also shared that, at present, there are around a hundred thousand smal ....