Adviser to the Prime Minister on Finance and Revenue Mr. Shaukat Tarin presided over a meeting on revival of sick and closed units at Finance Division on Thursday.
Federal Minister for Industries & Production, Adviser to the Prime Minister on Commerce and Investment, Mr. Abdul Razak Dawood, Secretary Finance, Secretary Industries & Production, Chairman SECP, Deputy Governor SBP, MD USC, CEO PCRCL and senior officers participated in the meeting.
CEO, Pakistan Corporate Restructuring Company Limited (PCRCL) gave a presentation on performance of PCRCL and initiatives taken for the revival of sick units, businesses and clearing the bank balance sheets.
He also apprised the meeting on the impediments in the way of successful operations of PCRCL and sought support of the government.
The Adviser supported PCRCL on its endeavors for revival of sick and closed units and revitalizing the economy.
He stressed for carrying out structural changes for viable working of PCRCL by reviewing is performance, capacity building of the management and financially strengthening the organization.
The Adviser further assured his full cooperation and support to PCRCL for revival of sick units and making them profitable contributors for the economy of Pakistan.