Observer Report Islamabad
Federal Minister for Privatisation Mohammedmian Soomro chaired a meeting with heads of banks at State Bank of Pakistan, Karachi for debt re-financing of National Power Parks Management Company Limited (NPPMCL).
Federal Secretary Privatisation, Senior Officers of Privatisation and State Bank of Pakistan, representatives of Ministry of Finance attended the meeting.
Presidents/representatives of the banks were also present. A comprehen-sive representation of issue was presented by the Ministry of Privatisation and a thorough discussion was made on the terms and conditions of the re-financing process.
There were different suggestions from the banking side for moving towards debt refinancing. Director General Debt of Ministry of Finance was of the view that all Bank should individually submit their bids.
However ‘ president National Bank of Pakistan and HBL proposed that invitation of bids from consortium.
After discussion it was agreed that suggestions of the banks will be considered in preparation of request for proposal *(RFP*).
Minister for privatization Mohemmedmian Soomro said that privatization of NPPMCL is a large transaction . Pri-vatisation Commission coordinates with all stake holders to fulfill the national cause.
