A meeting of the Privatisation Commission’s board, chaired by Minister for Privatisation Mohammadmian Soomro, discussed matters related to the Pakistan Steel Mills’ revival on Friday. PID
ISLAMABAD: Expressions of Interest (EoI) for the revival of Pakistan Steel Mills (PSM) are likely to be invited by the end of July, it was officially announced on Friday.
A meeting of the Privatisation Commission’s board, chaired by Minister for Privatisation Mohammadmian Soomro, discussed matters related to the PSM’s revival. Pending matters are now being resolved in collaboration with the main stakeholders, the minister said. There were a few corporate actions which were to be taken by stakeholders including the Ministry of Industries and Production (MoIP) and the Steel Mills, he added.
Daily Times
July 10, 2021
Federal Minister for Privatisation Mohammed mian Soomro has said that expression of interests (EOIs) for the revival of Pakistan Steel Mills (PSM) are likely to be invited very soon.
The minister said this while chairing the 5th Privatisation Commission Board meeting of the current year on Friday. Secretary privatisation, CEO PSM, representative from the Ministry of Industry and Production, PC Board members and senior officers of the ministry attended the meeting. The minister said, “We are resolving the pending matters in collaboration with the main stakeholders and the EOIs are likely to be invited very soon.”
The meeting discussed the revival of PSM. The meeting was informed that there are a few corporate actions which are to be performed by the stakeholders including the Ministry of Industries and Pakistan Steel Mills.
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By our correspondent
ISLAMABAD: The government is expected to complete the privatisation of Heavy Electrical Complex (HEC) by the mid of the current year as it has already shortlisted investors for issuance of request for statement of qualification, officials said on Thursday.
The officials told a weekly meeting on privatisation transactions that 12 expressions of interest had been shortlisted for HEC. The meeting was chaired by Minister for Privatisation Mohammedmian Soomro.
In November last, Cabinet Committee on Privatisation approved the transaction structure for the divestment of 96.6 per cent shares of HEC. This was the seventh transaction approved since the start of the privatisation plans adopted in October 2018.
Heavy Electrical Complex expected to be privatised by June
Business
February 19, 2021
ISLAMABAD: The government is expected to complete the privatisation of Heavy Electrical Complex (HEC) by the mid of the current year as it has already shortlisted investors for issuance of request for statement of qualification, officials said on Thursday.
The officials told a weekly meeting on privatisation transactions that 12 expressions of interest had been shortlisted for HEC. The meeting was chaired by Minister for Privatisation Mohammedmian Soomro.
In November last, Cabinet Committee on Privatisation approved the transaction structure for the divestment of 96.6 per cent shares of HEC. This was the seventh transaction approved since the start of the privatisation plans adopted in October 2018.