ISLAMABAD – A meeting of Cabinet Committee on Privatization (CCoP) was heldin Islamabad on Friday with Prime Minister Shahid Khaqan Abbasi in thechair.

The meeting discussed matter of the sale of its shares by KES Power Limitedin K-Electric Limited to Shanghai Electric Power, and decided to issue theNational Security Certificate subject to ratification by the FederalCabinet.

Cabinet Committee also discussed various issues related to theprivatization of Pakistan Steel Mills and restructuring of PakistanInternational Airlines Corporation Limited.

The Committee asked the sponsoring divisions to resubmit the proposals in acohesive and comprehensive manner in light of earlier decisions on thesubject.