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WEEKLY
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| Financial adviser for KAPCO okayed |
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Thursday, May 01, 2008
ISLAMABAD: The government on Wednesday gave the green signal to appoint the financial adviser for divestment of Kot Addu Power Company’s (KAPCO) shares through an offering of Global Depository Receipts in the international market.
The reconstituted Board of Privatisation Commission, which met here under the chairmanship of Syed Naveed Qamar, Federal Minister for Privatisation, Investment, Ports, Shipping, Industries and Production, took the decision.
The board also decided to initiate the process for the appointment of financial adviser for the block sale of Habib Bank Limited (HBL) shares and approved the recommendations of the pre-qualification committee for the pre-qualification of bidders for Hazara Phosphate & Fertilisers with instructions to ensure maximum participation of potential bidders.
The PC Board was given a detailed presentation on the status and process of the privatisation of various ongoing transactions. It also reviewed the implementation status of the decisions of the PC Board.
Earlier, Syed Naveed Qamar welcomed the members of the newly constituted board and hoped that their vast and diversified corporate and management experience would prove to be valuable for the whole privatisation process. The whole process should be made clear and objective, he urged the new board.
The PC Board members Engr Iftikhar ul Haq, Laeeq Ahmed, Abdul Latif Yousafzai, Pervaiz A Khan, Mahmood Nawaz Shah, Hameedullah Khan Paracha, Ahmed Jawad, Secretary/ Member Privatisation Commission senior representatives of the respective ministries/ departments and PC officials attended the meeting.
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ISSN 1563-9479 
