The Cabinet Committee on Privatisation meeting chaired by Finance Minister Asad Umar on Wednesday.The committee, which heard the current status and future prospects of Roosevelt Hotel in New York from senior officials of PIA.
Committee was informed that in pursuance of the decision, 15 public sector enterprises (PSEs) including PIA have already been delisted from the privatisation programme.
The Committee directed that formal proposal in this regard may be finalized by June 2019.The Petroleum Division was directed to expedite the work on regulatory framework for creation of competitive market place for gas sector.
The Cabinet Committee on Privatisation has asked for evaluation of State Life Insurance Corporation (SLIC), National Insurance Company Limited (NICL) and Pak Re-Insurance Company along with the need for Regulatory Framework improvements, which should precede process of privatization. Commerce Division would present its report in this regard to the CCoP by 31st of March.
further asked the commerce division that the evaluation should be along with the need for regulatory framework improvements, which should precede process of privatisation.