Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh on Monday chaired a meeting of the Cabinet Committee on Privatisation in Islamabad. While presenting the report of the task force on energy reforms, the Ministry of Energy briefed the committee on the challenges being faced by the power distribution companies. Various measures recommended by the task force for improving the performance of the energy sector with a focus on reduction of losses and enhancing the efficiency of DISCOs were discussed during the meeting. The committee directed the Ministry of Energy to submit proposals aimed at accelerating closure of those generation companies that have outlived their recommended life and are running into losses. The privatisation of Pakistan Steel Mills was also discussed. The committee directed the Ministry of Industries and Production and the Privatisation Commission to submit their proposals in the next meeting of committee. Issue of delisting of House Building Finance Corporation Ltd from the privatisation list was also recommended to be presented in the next meeting.