Federal Minister for Privatisation Water and Power, Syed Naveed Qamar has called the meeting of Board of Privatisation Commission on Thursday (today) to discuss the matters pertaining to the hiring of Financial Advisor (FA) for offloading Exchangeable Bonds of the Oil and Gas Development Company Ltd.
The board will formulate its future strategy in line with the decision being made by the Cabinet Committee on Privatisation (CCOP) on Tuesday. The cabinet committee approved Exchangeable Bonds worth $500 million with an upsize option of $200 million for the OGDCL and capital market listings of Pakistan Petroleum Limited and State Life Insurance Corporation.
The meeting, which will be chaired by Syed Naveed Qamar, besides, reviewing the progress being taken place in the privatisation of Heavy Electrical Company (HEC), committee will also look into the possibilities of the Public Private Partnership (PPP) mode for the other Public Sector Entities (PSEs) on the active list. The board meeting will also formulate recommendations for CCOP.
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