Privatisation Commission has called board meeting on Wednesday (today) to formulate recommendations approved by the Cabinet committee on Privatisation and review implementation status and progress of various transactions. The meeting will be chaired by Syed Naveed Qamar, Federal Minister for Privatisation, Water & Power.
Transaction structure of National Power Construction Corporation (NPCC), Heavy Electrical Complex (HEC), Secondary Public Offering (SPO) of Pakistan Petroleum Limited (PPL) and Initial Public Offering (IPO) of Government Holding (Pvt) Limited (GHPL) will be discussed on the occasion.
The board will be informed about the progress made for the appointment of financial advisory consortia for the issuance of Oil & Gas Development Company Limited (OGDCL)'s Exchangeable Bonds by magnetising up to 10 percent of Government of Pakistan shareholding in OGDCL. The meeting will be the first of the recently reconstituted eight-member Board of Privatisation. Most of the members represent the private sector. Last month, CCOP approved floating of $200 million OGDCL exchangeable bonds with a direction to PC to actively carry out exchangeable bond transaction along with the roadmap presented for Capital Market Transactions.-PR
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