ISLAMABAD: Chairman Privatization Commission has prepared a government plan for the rehabilitation of steel mills. The Cabinet Committee has unanimously welcomed the rehabilitation of steel mills.
According to Express News, a meeting of the Cabinet Committee on Privatization was held under the chairmanship of Finance Minister Muftah Ismail in which the Chairman Privatization Commission presented the roadmap of the current privatization plan.
At the meeting, the Chairman Privatization Commission also presented the government’s plan for the rehabilitation of steel mills and briefed the committee on the recent successful visit of the Bao Steel delegation. Bao Steel is the world’s largest steel company buying steel mills. Is one of the four companies.
A statement issued by the meeting said that the Cabinet Committee unanimously welcomed the resumption of the steel mills, after which the Finance Minister directed the Ministry of Industry, Power Division and Maritime Affairs to work with the Privatization Commission to resolve the issues. Directed by
The statement said that the Cabinet Committee had constituted a sub-committee to remove the obstacles in the way of privatization of NPPMCL, which would include the Minister Power Division, Chairman Privatization Commission and secretaries of relevant ministries.
During the meeting, the committee was briefed on the private partnership between the power distribution companies, after which the Cabinet Committee directed a power distribution company to make concessional arrangements. There was also talk.