{"id":237346,"date":"2022-01-07T08:44:06","date_gmt":"2022-01-07T03:44:06","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=237346"},"modified":"2022-01-07T08:44:06","modified_gmt":"2022-01-07T03:44:06","slug":"privatisation-of-psmc-hec-to-be-completed-transparently-soomro","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/privatisation-of-psmc-hec-to-be-completed-transparently-soomro\/","title":{"rendered":"Privatisation of PSMC, HEC to be completed transparently: Soomro"},"content":{"rendered":"<p>ISLAMABAD: Federal Minister for Privatisation Mohammed Mian Soomro has said that privatisation of under-utilised public sector enterprises (PSEs) will be completed in a transparent and efficient manner in line with global practices. Soomro further said that privatisation is an integral part of the government\u2019s economic development agenda. He said this while chairing a consultative meeting along with Federal Minister for Industries and Production Makhdum Khusro Bakhtyar on Thursday to allay the issues pertaining to complete privatisation of Pakistan Steel Mill Corporation (PSMC) and Heavy Electrical Complex (HEC). TLTP<br \/>\nThe federal secretary of industries &#038; privatisation and the representatives of the HEC and financial advisors were also present in the meeting, which was briefed on privatisation status of PSMC and HEC.<br \/>\nKhusro Bakhtyar remarked that the main objective of privatisation of under-utilised public sector entities is to monetise their assets by enhancing investment opportunities. He said that space would be filled by the private sector which would bring investment and best global practices with them.<br \/>\nHe added that the private sector would also bring modern technology, a change in the management mindset which would create more efficient jobs thus increasing the efficiency of the system.<br \/>\nIt was noted that the privatization process of HEC is near to completion. It\u2019s pre-bid conference was held at Privatization Commission and bidding process is scheduled to be held on 12th January 2022.<br \/>\nThe meeting was informed that the pre-qualification bidding process of PSM is under progress. The major focus is on the availability of utility connections to the newly formed subsidiary of PSMC, which is mandatory for seeking approval for scheme of arrangement (SoA).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Federal Minister for Privatisation Mohammed Mian Soomro has said that privatisation of under-utilised public sector enterprises (PSEs) will be completed in a transparent and efficient manner in line with global practices. Soomro further said that privatisation is an integral part of the government\u2019s economic development agenda. He said this while chairing a consultative meeting [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-237346","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-national"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Privatisation of PSMC, HEC to be completed transparently: Soomro<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/privatisation-of-psmc-hec-to-be-completed-transparently-soomro\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Privatisation of PSMC, HEC to be completed transparently: Soomro\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: Federal Minister for Privatisation Mohammed Mian Soomro has said that privatisation of under-utilised public sector enterprises (PSEs) will be completed in a transparent and efficient manner in line with global practices. Soomro further said that privatisation is an integral part of the government\u2019s economic development agenda. He said this while chairing a consultative meeting [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/privatisation-of-psmc-hec-to-be-completed-transparently-soomro\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-07T03:44:06+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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