Privatization process to fetch Rs100 billion: Soomro
ISLAMABAD: The Finance Bill for the FY 2020-21 has incorporated Rs. 100 Billion Privatization proceeds as part of the ‘Non-Tax Revenue Receipts’ for the FY 2020-21.
The Privatization Commission is fully committed and endeavored towards timely achieving the target; Federal Minister Mohammedmian Soomro said this while chairing the meeting on Sunday and was briefed about ongoing transactions.
He said that significant progress was underway on various entities in the active privatization list, said a press release issued by Ministry of Privatization here.
The minister said that due diligence for various entities is in final stage, likewise the procurement process for appointment of Financial Advisors is also at advance stages for certain entities
In briefing by transaction committee, the minister informed that for efficient implementation of privatization program PC is working on reforms including a computerized track record of the timelines through software to be kept for a closer monitoring of transaction processes. - APP