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Weekly privatisation review meeting held

Weekly privatisation review meeting held July 30, 2021 ISLAMABAD: The Privatisation Commission on Thursday said hiring of financial advisors to sale remaining properties has been initiated as the expression of interest (EOIs) to that effect had already been published. Mohammedmian Soomro, minister for Privatisation chaired the weekly privatisation review meeting, focusing on the progress so far made in the transaction of various entities to be privatized. The EoI for the open bidding/auction of Services International Hotel Lahore are going to be invited in the first week of August, 2021 while the transaction is likely to be completed in the first week of September.

Privatisation of Heavy Electrical Complex, Jinnah Convention by yearend

‘Privatisation of Heavy Electrical Complex, Jinnah Convention by yearend’ July 8, 2021 ISLAMABAD: Privatisation transactions of Heavy Electrical Complex and Jinnah Convention Center are expected to complete by the end of this year, a meeting was told on Wednesday. Presiding over the meeting, Minister for Privatisation Mohammedmian Soomro said on Wednesday the focus is on the timely completion of the transactions, which were already extended due to the COVID-19 pandemic. “We are resolved to compress the timelines for the transaction completion of the identified entities and putting an all-out effort to improve the efficiency of these public sector entities on the one hand and reduce the fiscal burden on the economy on the other,” Soomro said.

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