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Govt to invite expression of interests for HBFCL, JCC, FWB next month Business January 22, 2021 ISLAMABAD: The government on Thursday decided to invite expression of interests from investors for the privatisation of state-owned House Building finance Corporation (HBFCL), Jinnah Convention Centre (JCC) and First Women Bank (FWB) by the mid of next month. The Privatisation Commission Board approved the committees for the pre-qualification of the potential bidders, while deciding to issue expression of interests for the entities by mid-February. The decisions were taken during a meeting presid...

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...