Soomro chairs meeting, review revive plan of PSM

F.P. Report

ISLAMABAD: Federal Minister for Privatization Mohammed Mian Soomro on Thursday said that revival of Pakistan Steel Mills will be a great achievement of the government.

He was chairing an inter-ministerial meeting, which held here to discuss and resolve the issues regarding privatization of energy sector entities.

The SAPM on Power and Petroleum Tabish Gohar, Federal Secretary Privatization Hasan Nasir Jamy and other senior officials of the ministry attended the meeting.
CEO NPPMCL Dhanpat Kotak and Financial Advisor (FA) participated via video link.
In the meeting various issues relating to privatization of National Power Parks Management Company Ltd (NPPMCL), Nandipur and Guddu Power Plants, Divestment of shares of Pakistan Petroleum Limited (PPL) and Mari Petroleum Company Limited were discussed.
It was decided that all technical, legal and other issues relating to the energy sector entities will be resolved with the corporation of all stakeholders expeditiously.
All participants /parties also agreed to constitute an Inter-Ministerial Committee to resolve the main issues between the concerned ministries and divisions.
Mohammed Mian Soomro said that we are taking all necessary steps for facilitating the national and international investors for successful privatization of NPPMCL, Nandipur,Guddu and other energy sector entities.
He also added that the privatization of Nandipur Power Plant and NPPMCL is at advance stage.
Another meeting on revival of Pakistan Steel Mills was also chaired by Federal Minister/Chairman Privatization Commission. Secretary Privatization, Secretary Industries, Additional Secretary Industries and officers of Privatization attended the meeting. Chairman Port Qasim Authority and representative of PSM participated via video link.
Weekly progress report regarding revival plan of Pakistan Steel Mills was presented in the meeting. It was also briefed that the issues of PSM are being resolving by all departments actively.