February 23, 2021: A Virtual Webinar was hosted by PAK-USA Business Community and participated by Privatisation Commission & Board of Investment from Pakistan.
From the Government of Pakistan’s side, Dr. Muhammad Khursid, Executive Director General, Mr. Shamim Khan, Director General, Mr. Muhammad Jamil, DG, Mr. IftikharHussainNaqvi, Director General of Privatisation Commissioner, Muhammad Imran Khan, Deputy Director, Board of Investment, Mr. Nauman A. Tariq, Sr. Consultant, Ammad-ud-Din, Technical Assistant, Privatisation Commission participated, whereas more than 60 participants from the USA took part comprising of Prominent Business Persons hailing from Real Estate, Agri-Business, Food, Hospitality, Medical, IT, etc. Sectors.
The officers from Privatisation Commission welcomed the Pakistani US investors and briefed the participants about the current privatization program comprising of nineteen (19) transactions. With regard to the interest of some of the participants in Real Estate, it was informed that PC will soon invite Expression of Interests from Investors for a Real Estate Project (Jinnah Convention Centre, Islamabad). In case of small investment opportunities, it was added that PC will launch three (03) Capital Market Transactions, especially Divestment of 20% shares in Pakistan Re-Insurance Co. Ltd. in April 2021 and for PPL (10%) & OGDCL (7%) in near future. Moreover, the PC also encouraged a consortium of investors in the said platform for small investments. The participants also showed interest in investment ventures in Pakistan in Agricultural, Energy, and other sectors and indicated to visit Pakistan soon, for the purpose. PC intimated to share teasers of its transactions for onward submission to the participants for information and necessary action to take part in the investment opportunities provided through the privatization process.
The participants from the USA side were concerned about the Ease of Doing Business in Pakistan and appreciated that the current Government has taken certain initiatives to facilitate the investors. In this regard, a representative from the Board of Investment ensured to further facilitate the investors.
In the end, the investors were requested for follow-up sessions and sharing of particulars of participants' contacts for future coordination.
Federal Minister for Privatisation Mohammedmian Soomro thanked all the participants for conducting/holding a successful Webinar and expressed hope that this trend would continue.