Directives issued to step up pre-monsoon cleaning drives, surveillance activities
asia2 hours ago
This was decided yesterday at a meeting of the Board which was presided over by Minister for Privatisation and Investment Zahid Hamid.
However, the names of seven prequalified parties were released who had completed the first phase of the due diligence on Friday last. Technically, due diligence is a must for a company to take part in the bidding.
The Minister for Privatisation and Investment Zahid Hamid when contacted said the board reviewed the privatisation status of the Pakistan State Oil and a list of seven consortium has been released that would take part in the bidding.
Asked about the Attock Group's exclusion from the bidding and related order of the Sindh High Court of Friday that allowed the company to be part of the bidding, the minister said the privatization commission's transaction committee on PSO was required to submit its recommendations on the subject and hence it would not be proper to comment on the subject. He said the board meeting has reconvened on April 4 to look into the recommendations of the transaction committee. Responding to another question, he said bidding for PSO had tentatively fixed for May.
Directives issued to step up pre-monsoon cleaning drives, surveillance activities
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