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Government of
Pakistan
Privatisation Commission
PC BIDS
TRANSACTIONS OF WORTH RS.105 BILLION IN 2 YEARS MORE IMPORTANT TRANSACTION TO
COME UP IN COMING WEEKS-Says Dr. Hafeez Shaikh
Islamabad, June 14, 2005
The Privatisation Commission realized proceeds
to the tune of Rs.105 billion during the last two years including the recently
conducted privatisation of Pakarab Fertilizers Limited and National Refinery
Limited, as against Rs. 93 billion from 1991 to 2003. Dr. Abdul Hafeez Shaikh
Federal Minister for Privatisation & Investment stated this while chairing a
meeting of the Privatisation Commission Board here today.
The Minister said that in the coming weeks more important transaction would be
taken up including the bidding for Pakistan Telecommunication Company Limited (PTCL)
on June 18, 2005. He lauded the efforts and the good work done by the PC Board
and the officials of Privatisation Commission.
The Privatisation Commission Board reviewed the process of appointment of
Financial Advisor for the privatisation of Pakistan Steel Mills and took steps
to ensure adherence to the timetable of December 31, 2005.
The PC Board discussed the arrangements for the transparent bidding of Pakistan
Telecommunication Company Limited (PTCL) and expressed its satisfaction. The
Board was informed that the pre-qualified bidders would deposit their earnest
money US $ 40 million each latest by June 16, 2005 to be eligible for
participating in the bidding process as per laid down regulations in the bid
documents.
The meeting also reviewed the matters pertaining to the pre-qualification of
parties for the privatisation of Jamshoro Power Company (JPC), Karachi Shipyard
& Engineering Works and formulated its recommendations for CCOP for the sale of
Bolan Textile Mills Machinery, Badami Bagh Land of PECO and Mustehkum Cement
Limited.
PC Board members, representatives of the respective Ministries, departments,
organizations and PC officials attended the meeting.
Source:
http://www.privatisation.gov.pk/Handout/HO-AR-05/June-05/HO-1562005PC%20Bids%20Transactions%20of%20Worth%20Rs.%20105%20
Billion%20in%202%20Years%20More%20Important%20Transaction%20to
%20Come%20up%20in%20Coming%20Weekshandout.htm
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