Pakistan Privatisation Commission Explained

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]

Activities

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]

K-Electric

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]

Notes and References

  1. Web site: Ministry of Privatisation - Privatisation Commission .
  2. Web site: Ministry of Privatisation - Privatisation Commission .
  3. Web site: New PC board chairman hangs in limbo. January 13, 2022. The Express Tribune.
  4. Web site: PIA financial affairs likely to be handed over to Privatisation Commission. Web. Desk. October 7, 2023. ARY NEWS.
  5. Web site: Privatization Commission to take over financial affairs of PIA. October 8, 2023.
  6. Web site: CCOP decides to include PIA in list of active privatisation projects. www.radio.gov.pk.
  7. Web site: Privatization Commission allowed to proceed SIH transaction. NNPS. Desk. July 10, 2023.
  8. Web site: SIH transaction: CCoP allows Privatisation Commission to move ahead. Zaheer. Abbasi. July 18, 2023. Brecorder.
  9. Web site: K-Electric becomes profitable company: Privatization Commission. April 5, 2023. Dunya News.
  10. Web site: Privatization commission hand over mutation deed of the FBR land to successful buyer. September 22, 2023.