The Privatization Commission Board, under the chairmanship of Federal Minister for Privatization, Board of Investment, and Communications Abdul Aleem Khan, convened on Wednesday to deliberate on key issues pertaining to the privatization of projects in the pipeline.

According to a PID statement issued today, during the meeting, the board discussed technical matters, the appointment of financial advisors, and various policy considerations. The Federal Minister directed authorities to expedite ongoing privatization efforts while ensuring complete transparency. He stressed the importance of engaging reputable consulting firms to improve the efficiency of the privatization process.

In its 228th meeting, the board approved the minutes of the previous session. A significant portion of the discussion focused on the privatization of Electricity Distribution Companies (DISCOs). The Federal Minister instructed that a comprehensive presentation be arranged with the Ministry of Power to address unresolved issues ahead of the privatization process.

The meeting also considered the appointment of financial advisors for various projects, with board members offering suggestions to refine the approach.

The Federal Minister reiterated the government’s commitment to accelerating privatization initiatives, ensuring they are handled with integrity and efficiency.