Islamabad, August 07, 2023 (PPI-OT): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting of Cabinet Committee on Privatization (CCoP) 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 programme.
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. Privatisation 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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