Saudi Global Ports has agreed a deal to help double Riyadh Dry Port’s handling capacity to 1.5 million containers/annum by 2030, Arab News reported. The Public Investment Fund-backed SGP will work with the Saudi Railway Company to improve connections between the dry port and Dammam Seaport, where it operates the first and second container terminals. SGP will … Read more
ISLAMABAD: The government is focusing on the completion of the privatisation programme in the stipulated time, an official said. Chairing a meeting of the Privatisation Board, Federal Minister for Privatisation Muhamamdmian Soomro said that the issues regarding the privatisation of the state-owned entities were being jointly resolved by various departments and divisions. The board recommended … Read more
ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) on Friday approved the highest bid of Rs1.96 billion received for the privatisation of the Services International Hotel, Lahore. Federal Minister for Finance and Revenue Shaukat Tarin, presided over the meeting. The committee approved the summary, tabled by the Privatisation Commission Board, recommending the highest bid of around … Read more
ISLAMABAD: The Privatisation Commission has put the entire blame for delay in the privatisation process of the State Life Corporation (Slic) on the Ministry of Commerce, saying that despite repeated follow-ups no progress has so far been achieved. During a meeting of the Senate Standing Committee on Privatisation, held under the chairmanship of Senator Shamim … Read more
ISLAMABAD: A meeting of the Privatisation Commission (PC) Board discussed the prequalification criteria of investors for the revival of Pakistan Steel Mills Corporation (PSMC), auction result of Services International Hotel (SIH) among others. Federal Minister for Privatisation Mohammedmian Soomro chaired the meeting. The revival of Pakistan Steel Mills is one of the important objectives of … Read more
ISLAMABAD: Prime Minister Imran Khan on Saturday directed the relevant authorities to expedite the reforms process to attract the investors and improve the functioning of the state-owned enterprises. Chairing a meeting of the Economic Advisory Council (EAC) to review the government’s introduced reforms in the mega sectors of the country, he also directed for extension … Read more
ISLAMABAD: Federal Minister for Privatisation Mohammedmian Soomro chaired the weekly privatisation meeting on Thursday and reviewed the progress so far made in the transaction of various entities to be privatised. The federal minister was briefed that the hiring of financial advisers for the sale of the remaining properties has been initiated, and, in this regard, … Read more
