CCOP approved 24 entities for the Privatization Programme and decided that inclusion of other SOEs in the privatization programme
ISLAMABAD: The Cabinet Committee on Privatization Friday approved 24 entities for the Privatization Programme and decided that the inclusion of other State Owned Entities in the privatization programme will be taken upon completion of the review by the Cabinet Committee on State-Owned Enterprises regarding categorization of Strategic/Essential SOEs.
The meeting of the committee was held here with the Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar in the chair. The CCOP was presented with a phased Privatization Programme by the Ministry of Privatization, based on the recommendations of the PC Board, in terms of Section 5 of the Privatisation Commission Ordinance 2000.The CCOP recommended that priority should be accorded to reducing the federal footprint in commercial space and limiting it to the strategic and essential SOEs only. CCOP emphasized that even SOEs making profits would also be considered for privatization.
The CCOP also considered the proposal for the transfer of shares of OGDCL lying with the Privatization Commission to sovereign wealth fund or Ministry of Energy . It was decided that the status quo may be maintained for the time being.
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