Government and Official in Pakistan Directory

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Govt. Of Pakistan Privatisation Commission in Pakistan Directory

 

The PC has been set up to Privatise state owned enterprises in a transparent and equitable way. Our Mandate, Within the overall Government policy of strengthening the private sector’s role in the provision of goods and services and with the approval of Cabinet, the Privatisation Commission (PC) is entrusted with selling federal government property—such as its shares in banks, industrial units, public utilities, oil and gas companies, transport companies, and infrastructure service providers—in an open and transparent manner. In addition to the sale of shares or assets, it may also offer concessions or the right to operate publicly owned assets, without selling the assets themselves. Cabinet Committee on Privatisation (CCOP), Created in 1991, the CCOP has operated continuously except for the period September 1998 to February 2000, when a Privatisation Board of Pakistan headed by the Prime Minister replaced it. This Committee of the Cabinet was headed by the Minister for Finance. Presently this is headed by the Prime Minister and includes the Ministers for Commerce, Industries, Production and Special Initiatives, Information Technology and Telecommunications, Labour, Manpower and Overseas Pakistanis, Petroleum and Natural Resources, Ports and Shipping, Privatisation and Investment, Textile Industry, Water and Power and Adviser to the Prime Minister on Finance. It also includes the Deputy Chairman, Planning Commission. According to its terms of reference issued in February 2000, the CCOP is to: Formulate the Privatisation Policy for approval of the Government/Cabinet. Approve the State Owned Enterprises to be privatised on the recommendation of the Privatisation Commission or otherwise. Take policy decisions on inter-ministerial issues relating to the privatisation process. Review and monitor the progress of privatisation. Instruct the Privatisation Commission to submit reports/information/data relating to the privatisation process or any matter relating thereto. Take policy decisions on matters pertaining to privatisation, restructuring, deregulation, regulatory bodies and Privatisation Fund Account. Approve the Reference Price in respect of the State Owned Enterprises being privatised. Approve the successful bidders. Consider and approve the recommendations of the Privatisation Commission on any matter. Assign any other task relating to privatisation to the Privatisation Commission.

 

Website: http://www.privatisation.gov.pk/