A meeting of the Cabinet Committee on Privatisation was held in Islamabad on Friday with Finance Minister Ishaq Dar in the chair.
The Committee approved the transaction structure for the privatization of SME Bank and divestment of 18.3 percent government shareholding in Mari Petroleum Company.
It also approved to initiate the process for listing of Gujranwala Electric Power Company’s shares on Pakistan Stock Exchange through an Initial Public Offering.
The Committee recommended inclusion of House Building Finance Corporation Limited and First Women Bank Limited in the privatization program for early implementation.
The case of 5 percent divestment of the shareholding in OGDCL was deferred.
Ministry of Information and Broadcasting’s request for delisting of Shalimar Recording and Broadcasting Company Limited from the privatization program was accepted by committee.
Finance Minister expressed his confidence that the decisions taken today will pave way for economic growth of the country and improve financial health of the entities.
He urged Privatization Commission (PC) to ensure transparency in running the transactions as well as welfare of the workers.