The Privatisation Commission (PC) board on Thursday approved a minimum sale price of Rs2.25 billion for Services International Hotel - another real estate transaction - as all the major privatisation transactions are falling behind deadlines. Headed by Privatisation Minister Mohammad Mian Soomro, the PC board approved the Rs2.25 billion reference price to sell the hotel, said a ministry official after the meeting.
The Privatization Commission (PC) of the Pakistan board, headed by the Privatisation Minister, Mohammad Mian Soomro, has approved a minimum sale price of
Power Division says it lacks capacity to prepare roadmap for privatisation of DISCOs
Privatisation Commission has geared up for the sale of power distribution companies and will do its best to complete the task while remaining within its legal mandate, said privatisation ministry spokesperson. PHOTO: FILE
ISLAMABAD:
The Privatisation Commission (PC) board on Thursday could not take decision on privatisation of power distribution companies due to Ministry of Energy’s failure to improve the poor condition of these companies over the past two and a half years.
The Power Division has shown its inability to even prepare a roadmap for the privatisation of power distribution companies, saying it lacked the “capacity”, showed official documents.