IMC to be formed to resolve differences on SOE’s privatization

Mohammad Arshad

The government, Thursday, approved the formation of an Inter Ministerial Committee to resolve issues and bottlenecks resulting in differences between the ministries and departments and hindering the smooth process of privatization of state owned entities (SOEs).

This decision was taken in a high level meeting which reviewed the privatization of state owned entities (SOEs).

The meeting decided that all technical, legal and other issues relating to the energy sector entities will be resolved with the corporation of all stakeholders expeditiously.

The meeting chaired by Federal Minister for Privatisation Mohammedmian Soomro deliberated on different options and means to resolve the issues regarding privatisation of Energy Sector entities.

Various issues relating to privatisation of National Power Parks Management Company Ltd(NPPMCL), Nandipur and Guddu Power Plants, Divestment of shares of Pakistan Petroleum Limited(PPL) and Mari Petroleum Company Limited were discussed came under discussions.

Mohammedmian Soomro said that 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.

He also added that the privatisation of Nandipur Power Plant and NPPMCL is at advance stage.

Another meeting on revival of Pakistan Steel Mills was also chaired by Federal Minister/Chairman Privatisation Commission.

Secretary Privatisation , Secretary Industries ,Additional Secretary Industries and officers of Privatisation attended the meeting. Chairman Port Qasim Authority and representative of PSM participated via video link.

Weekly progress report regarding revival plan of Pakistan Steel Mills was presented in the meeting. It was also briefed that the issues of PSM are being resolving by all departments actively.