Pakistan Privatisation Commission | |
Type: | Government body |
Status: | Active |
Purpose: | Privatisation of federal government assets |
Headquarters: | Islamabad, Pakistan |
Region Served: | Pakistan |
Leader Title: | Chairman |
Leader Name: | Mohammad Saleem (2023) |
Parent Organization: | Ministry of Privatization |
The Pakistan Privatisation Commission is a government agency in Pakistan under the Ministry of Privatisation that is responsible for implementing the government's privatisation program. The commission is tasked with the open and transparent privatisation of federal government assets such as its stake in banks, industrial units, public utilities, oil, gas, transport companies and infrastructure service providers.[1]
The Privatisation Commission is headed by a Board that includes the Minister for Privatisation.[2] Muhammad Salim is currently the Chairman of the Privatisation Commission.[3]
The Privatisation Commission has been actively involved in several major transactions:
Pakistan International Airlines (PIA): PIA's finances are likely to be handed over to the Privatisation Commission in an effort to bring transparency.[4] [5] The Cabinet Committee on Privatisation (CCoP) decided to include PIA in the list of active privatisation projects.[6]
Services International Hotel (SIH): The CCoP allowed the Privatisation Commission to move towards a successful conclusion of the SIH transaction with the completion of the transfer/mutation process in the name of the buyer.[7] [8]
Privatisation Commission officials have reported that K-Electric has become a profitable company that was privatised for Rs 15 billion.[9]
FBR Land: The Privatisation Commission handed over the mutation deed of FBR land in Faisalabad to the successful buyer.[10]