Islamabad: Cabinet Privatization Committee (CCOP) as much as 7% in OGDCL, 10% in PPL and 20% in Pakistan Reinsurance Company Government approves privatization of Guddu Power, together with sale of shares.
According to the Express, a gathering of the Cabinet Privatization Committee was held below the chairmanship of Dr. Abdul Hafeez Sheikh, Finance Advisor to the Prime Minister. At the assembly, the CCOP authorized the privatization of Guddu Power Plant. OGDCL shares might be offered by way of a public providing. It has been directed to start out the method of appointment of Financial Advisor for public providing of OGDCL shares.
In addition, the CCOP authorized the sale of 10% shares of PPL by way of a public providing, whereas the CCOP authorized the sale of Services International Hotel Lahore, Jinnah Convention Center House Building Finance Corporation and First Women's Bank. Also authorized the transaction construction for the privatization of.
Meanwhile, the CCOP has additionally authorized the sale of as much as 20% of presidency shares in Pakistan Reinsurance Company Limited.