Islamabad (Web Desk): The cabinet committee on privatisation (CCoP) has decided to include Pakistan International Airlines Corporation Limited (PIACL) in the list of active privatisation projects of the ongoing privatisation programme.
According to a press release, the decision was made at a meeting of the committee which met in Islamabad with Finance Minister Ishaq Dar in the chair.
Federal Minister for Industries and Production Makhdoom Syed Murtaza Mehmood, Specia Assistant to the premier (SAPM) on Finance Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pasha, federal secretaries and senior government officials attended the meeting.
The CCoP after deliberation decided to include Pakistan International Airlines Co. Ltd (PIACL) in the list of active privatisation projects of the ongoing privatisation programme, following an amendment in the law by the Parliament.
Privatisation Division presented a summary of detailed updates regarding the privatisation of the Roosevelt Hotel.
The CCoP after discussion gave concurrence to the Privatisation Commission for hiring of Financial Adviser to process/structure transactions of Roosevelt Hotel, New York, an asset of PIA Investment Limited (PIA-IL).
