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Hafeez Shaikh chairs meeting of the Cabinet Committee on Privatization

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June 17, 2019 (MLN): Dr. Abdul Hafeez Shaikh on Monday chaired a meeting of the Cabinet Committee on Privatization, wherein the Ministry of Energy briefed the Committee about the challenges being faced by the DISCOs.

The meeting discussed various measures for improving the performance of energy sector and enhancing the efficiency of DISCOs.

The committee directed Ministry of Energy to submit proposals aimed at accelerating closure of GENCOs that have outlived their recommended life and are running into losses.

Privatization of Pakistan Steel Mills was also discussed during the meeting.

The committee directed Ministry of Industries and Production and Privatization Commission to submit their proposals in the next CCoP.

Issue of delisting of House Building Finance Corporation Limited (HBFC) from the privatization list was also recommended to be presented in the next meeting.

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Posted on: 2019-06-17T17:23:00+05:00

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