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Privatization Commission rejects the proposal to increase the divestment of OGDC shares up to 10%

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July 30, 2020 (MLN): The Privatization Commission (PC) Board, in its meeting held on July 29, 2020, considered the proposal submitted by the Ministry of Energy for increasing the divestment of existing Government-owned shares in OGDCL up to 10%.

After due consideration and considering all correlated aspects, the PC Board considered not to increase divestment of Government-owned shares up to 10% from the earlier approved up to 7%.

The matter as recommended by the PC Board in the meeting will be accordingly submitted to Cabinet Committee on Privatization (CCOP) for approval.

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Posted on: 2020-07-30T11:25:00+05:00

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