Published On: Fri, Jan 15th, 2021
Published in Category: Islamabad

Legal & policy matters relating to privatisation must be taken into account: Mohammedmian Soomro

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ISLAMABAD : Federal Minister for Privatisation, Mohammedmian Soomro has directed that legal and policy matters relating to privatisation must be taken into account and legal cases must be disposed of in a transparent and an efficient manner.

Mohammedmian Soomro chaired a meeting regarding transaction updates, legal matters and e-office in the Ministry on Thursday.

Federal Secretary Privatisation and other senior officers of the Ministry and Privatisation Commission attended the meeting. Federal Minister was briefed that the detailed meetings are being held with potential investors regarding the revival of Pakistan Steel Mills (PSMC). These investors/parties are from China, Russia and Korea and the meetings are being held almost on daily basis.

The Minister was also told that the land valuation of PSM will be completed by the end of January and that EOIs regarding PSM will be sought in the month of March this year. The matters relating to the privatisation/divestment of shares and options regarding management control of DISCOS were also discussed. The final decision to that effect will be taken after receiving the proposals from the Ministry of Power and other relevant forums.

Federal Minister said that in order to work more efficiently we must shift to digitization of data/e-office/e-filing without further ado; the Minister also said that he would himself prefer to use e-files instead of manual files.