ISLAMABAD – The Cabinet Committee on Privatisation has directed to expeditethe pace of work on privatization of SME Bank Limited and the PIAInvestment Limited.
Meeting of the Committee was held in Islamabad today (Friday) with Adviserto Prime Minister on Finance Dr. Abdul Hafeez Shaikh in the chair.
The committee did not agree to the proposal from Earthquake Reconstructionand Rehabilitation Authority for delisting of its 17 properties from the 32assets being processed for sale by Privatization Commission.
On the matter of SME Bank, the privatization committee approved atransaction structure submitted by Privatisation Commission for theprivatisation of the bank.
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The CCoP also discussed privatisation of PIA-Investment Limited andapproved a proposal for the constitution of a task force to examine andprocess all necessary formalities for an early disposal of the PIAproperties.
The CCoP also directed the PIA management to update the Committee onmonthly basis regarding the progress.
