Minister of State for Privatisation Mohammad Zubair informed the Cabinet Committee on Privatisation (CCoP) yesterday that work on OGDCL transaction was being done on fast track and it would be completed by September.
The cabinet body at its meeting, chaired by Finance Minister Ishaq Dar, took stock of the progress made by the Privatisation Commission in the disinvestment of entities.
Mr Zubair, who is also chairman of Privatisation Commission, made a detailed briefing on the privatisation process, and said that the commission has been working with total commitment to follow the timelines given by the CCoP to complete the transactions already approved.
He updated the finance minister on the progress being made so far in the regard and said that as the first step towards divestment of shares in state-owned entities, PPL and UBL have already been sold through the capital markets.
