Summary titled ‘Divestment of Government of Pakistan’s shares in PPL and OGDCL’ was presented by the Petroleum Division to the CCoP, the meeting of which was chaired by Federal Minister for Finance and Revenue, Shaukat Tarin. “The forum approved the proposal of the Ministry indicating that divestment of shares is not feasible at this stage and should be considered only once issues like circular debt are resolved, even partially; thereafter, strategic sale to a reputable Exploration & Development (E&P) company would be a preferred option,” said press statement issued by the Finance Ministry. Meanwhile, the Privatization Division tabled a summary, based on a recommendation of the Privatization Commission Board, regarding provision of funds for hiring of a Financial Advisory Consortium (FAC), which was approved by the committee.
On Wednesday, the core and political committees of Pakistan Tehreek-e-Insaf (PTI) deliberated on Bushra Bibi's…
In a scathing criticism, Information Minister Attaullah Tarar slammed Pakistan Tehreek-e-Insaf (PTI) after the party…
The Constitutional Bench of the Supreme Court has rejected the PTI plea seeking to take…
The first four months of the current fiscal year showed better than expected improvement marked…
Federal Interior Minister Mohsin Naqvi has announced that from December 31, no Afghan nationals will…
The ceasefire between Hezbollah and Israel, two longstanding rivals, was welcomed by the people of…
Leave a Comment