The Privatisation Commission has reviewed the progress being made regarding the privatisation of National Power Parks Management Committee Limited (NPPMCL). The third meeting of the transaction committee for privatisation of National Power Parks Management Committee Limited (NPPMCL) was held here on Tuesday. Federal Minister for Privatisation / Chairman Privatisation Commission, Muhammad Mian Soomro and other stakeholders attended the meeting.
In the post-budget press conference, the advisor to the prime minister on finance said that there is a target of Rs 150 billion revenue gains from the privatisation proceeds, adding that $1.4 billion is expected from the privatisation of the NPPMCL alone.
The financial adviser (FA) for the transaction, M/s Credit Suisse, briefed the committee regarding the progress of privatisation of NPPMCL. The minister asked the FA team to strictly follow the timelines. The government has envisaged to complete transaction of NPPMCL in the next financial year. In the first phase, the commission would privatise eight entities including the NPPMCL.
The minister was updated on the implementation status of the decisions and directions of the last meeting. He was briefed on the progress of actions taken in light of those decisions. The minister asked the stakeholders to urgently resolve all the issues for smooth flow of privatisation process.
The meeting was attended by secretary Privatisation Division, members of the Privatisation Commission and representatives of Power Division, Petroleum Division, Finance Division, Law and Justice Division, Ministry of Planning, Development and Reforms, NPPMCL, NEPRA, CPPA (G), PPIB, and SNGPL.
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