Wednesday, March 3, 2010
Privatization Board's expansion approved
8:38 PM | 
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ISLAMABAD: Federal Minister Waqar Ahmed Khan has approved the expansion of Privatization Board and appointed Nomura International of UK as its advisor.The minister chaired the board meeting, which gave the approval of expansion and it was decided that experts from other sectors would also be included.
The firm has been appointed for free to provide assistance on access to foreign markets, and suggestion for privatization. Nomura will also arrange road shows and conferences for the purpose.
The meeting formed five committees on energy, oil and gas, infrastructure finance comprised of board members and board advisors which will advise on speeding process of privatization.
Board also approved the financial statements of fiscal year ended June 2009. The minister directed authorities to enhance capacity of different state organizations like, OGDCL, PPL, SSGC, SNGPL, PIA, Railways and others.
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