Privatization Board recommends five entities for privatization

11:38 AM | 23 Jul, 2020
Privatization Board recommends five entities for privatization
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ISLAMABAD - Privatization Board has recommended the transaction structures of five entities for approval by the Cabinet Committee on Privatization.

The recommendations came during a meeting of the board, chaired by Minister for Privatization Mohammed Mian Soomro in Islamabad.

The entities include House Building Finance Corporation, Services International Hotel Lahore, Jinnah Convention Center, and First Women Bank Limited.

During the meeting, the Minister urged that all NOCs and other procedural requirements be positively sought and completed before placing these structures for approval by the Cabinet Committee on Privatization and the Federal Cabinet.

Minister for Privatization Mohammedmian Soomro said that the resultant cash flow will help the government in debt retirement.