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Cabinet Committee adds PIAC in Privatization List

ISLAMABAD (Eshfak Mughal): The Cabinet Committee on Privatization (CCoP) has decided to include Pakistan International Airlines Co Limited in the Privatization List.

The CCoP met under the chairmanship of Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting of today.

Federal Minister for Industries and Production Makhdoom Syed Murtaza Mehmood, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood Pasha, Federal secretaries and senior government officials attended the meeting.

The CCoP considered the proposal of Privatisation Commission regarding inclusion of Pakistan International Airlines Co. ltd (PIACL) in the privatisation progarmme. The CCoP after deliberation decided to include Pakistan International Airlines Co. Ltd (PIACL) in the list of active privatisation projects of the ongoing privatisation programme, following an amendment in the law by the Parliament.

Privatization Division presented a summary on detailed update regarding privatization of Roosevelt Hotel. The CCoP after discussion gave concurrence to the Privatization Commission for hiring of Financial Adviser to process/structure transaction of Roosevelt Hotel, New York, an asset of PIA Investment Limited (PIA-IL).

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