News Column

CCI has identified 31 entities for privatisation: Dar

June 12, 2014

Finance Minister Ishaq Dar on Thursday said 310 million dollars will be received during the next week as a result of transaction of 19.8 per cent shares of UBL.

Speaking in the National Assembly, he said countrys foreign exchange reserves stand at 13.52 billion dollars out of which 8.60 billion dollars are with the State Bank of Pakistan. He expressed the hope that foreign exchange reserves will cross 14 billion dollars till 30th of this month.

The finance minister said 68 entities have been identified during the previous government out of which 31 were to be privatized in the first phase.

He said now the Council of Common Interests has unanimously re-identified this list of 31 public institutions for privatisation. He said the only addition in this list is Lakhra Power Unit.

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Source: Daily Messenger (Pakistan)

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