Transaction meetings of NPPMCL Power Plants, DISCOS and PSMC held today

March 17, 2021: Federal Minister for Privatisation / Chairman Mohammed Mian Soomro chaired a high-level meeting on the transaction of NPPMCL.

Federal Secretary Privatisation, Additional Secretary Petroleum and representative of Power Division attended the meeting. Javed Ghani Chairman FBR, CEO CPPA-G, CEO NPPMCL and MG of SNGPL also attended the meeting via video link.

The meeting was held to discuss all outstanding material issues pertaining to the privatization of National Power Parks Management Company Ltd (NPPMCL). It was concluded that all concerned Ministries/Divisions and other institutions will continue their best efforts for completion of the transaction within timelines.

Today another meeting regarding the privatization of DISCOs was held under the chairmanship of the Minister for Privatisation. The meeting was attended by the Special Assistant to PM on Power Tabish Gohar and high-level officials of the Privatisation Commission and Power Division. In the regular meeting, the strategy for handling the DISCOS transaction was discussed in detail for presentation to CCoP.

Federal Minister For privatization and Minister for Industries Hammad Azhar co-chaired a weekly progress review meeting on the transaction of Pakistan Steel Mills Corporation (PSMC). Federal Secretaries of both the Ministries and other concerned officers also attended the meeting. The formation of a new subsidiary, usage of Jetty, valuation of assets of Pakistan Steel Mills and other issues were discussed in the meeting.

Chairman Privatisation commission Mohammed Mian Soomro thanked all stakeholders for their active participation in the revival of PSM.

Press Release