Islamabad, February 24, 2022 (PPI-OT):Federal Minister for Finance and Revenue Mr. Shaukat Tarin, presided over meeting of the Cabinet Committee on Privatization (CCoP), today. Federal Minister for Privatization Mohammedmian Soomro, Chairman Privatization Commission Mr. Muhammad Saleem, Federal Secretaries and senior officials attended the meeting.
On a proposal by the PC for the sale/divestment of all government shares (96.6%) of Heavy Electrical Complex to the successful bidder M/S IMS Engineering Pvt. Ltd., against their highest bid of Rs. 99.999/share amounting to Rs. 1,410,000,000, the CCoP approved the proposal. The proposal will be considered by the Cabinet.
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