The Caretaker Federal Minister for Privatisation, Fawad Hasan Fawad, chaired a meeting to review the progress on sale/privatisation of Heavy Electrical Complex (HEC) on Monday at the Privatisation Division. The Minister directed the buyer, IMS Engineering to complete all formalities and paperwork required for completion of the transaction by the end of the month. All stakeholders including IMS Engineering, the Financal Advisor, Ministry of Industries and Bank of Khyber attended the meeting.
The stakeholders discussed and finalised the roadmap for the conclusion and settlement of the sale agreement.
