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PC Board directed to go ahead for NPCC bidding

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ISLAMABAD: Federal Minister for Privatization Syed Naveed Qamar on Wednesday directed Board of Privatization Commission to go-ahead for holding an open bidding for the acquisition 51 % of shares of National Power Construction Company (NPCC) together with management control on “as is where is” basis. The PC Board formulated its recommendation for the approval of the Cabinet Committee on Privatization (CCOP) prior to announcing the bidding schedule for NPCC. The parties pre-qualified for taking part in the bidding of the NPCC include
1. Pak Electron Limited (PEL),
2. ICC (Pvt) Limited,
3. Al-Tuwariqi Steel Mills, Karachi,
4. Saudi Cable Company Limited, KSA,
5. JS PE Management, Karachi,
6. Alfanar Construction Company, KSA and
7. Zad Investment Company, KSA.

The PC board was informed that the signing ceremony for the Share Purchase Agreement (SPA) of Hazara Phosphate Fertilizers (Pvt) Limited (HPFL) is being scheduled on November 28, 2008 at Privatization Commission secretariat after receiving the remaining payment and it will be handed over to the successful buyer.

The meeting also reviewed the status and progress of various ongoing and upcoming transactions. However, the meeting was presided over by Syed Naveed Qamar. Meanwhile, the PC Board members, senior representatives of the respective ministries/ departments and PC officials attended the meeting.-SANA

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2 COMMENTS

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  2. I don’t think this is about young idealism that cnaghe can be brought on by youthful exuberance and willful hope. I think there is a strong force in Pakistan that once it puts aside its fear and bands together in large numbers (which I believe do exist) I do think that they can prevail against all the other forces (corrupt government, gangs, ethnic violence, drug warfare) and bring the cnaghe that is very much so needed. Do not get me wrong, I don’t think the fear is unfounded but a force that can be fought against. I disagree that the media should not be covering these murders. They should be covered because no matter how negatively this portrays Pakistan these killings are still occurring and this is media censorship. At the moment the innocent lives are being ignored and not being acknowledged just as if they had not existed. I see no harm in media coverage and only benefits that exposure may help end these deaths. Maybe this is what the individuals that are instigating the killings want? Maybe they want media exposure and at this point to spare more lives they should be given the exposure? And if Pakistanis are so concerned about their negative image something should be done about changing that and not hiding the realities of life there. Maybe shame is what Pakistan needs to instigate cnaghe? I believe it is Pakistan’s fault that the shootings are not being covered because the country is known for being full of terrorists and extremists. In actuality these facts are completely and entirely true. These shootings have turned into, oh there are more people being murdered in Pakistan, oh just more shooting. Oh well, as expected. If it is political parties that has been ordering these killings and giving teenagers guns and instigating ethic and drug warfare should it not be exposed? Exposure and the truth brings upon cnaghe and not hiding it and putting it away in a box. That fixes nothing. So the international media may not be covering it because it doesn’t sell, because it doesn’t have the chance to erupt into an international situation any time soon, or because it is an everyday no real big thing event. Doesn’t that push all informed and educated people to do something? Old and young? Rich and poor? Don’t people want cnaghe what this country has become and its image? Hiding what the country really is does nothing but make it worse. Expose the the negative and then deal with it.

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