ISLAMABAD - Federal Minister for Privatisation Senator Waqar Ahmad Khan on Thursday said that Privatisation Commission was planning to get $ 500 million through convertible bonds of Oil and Gas Development Corporation Limited (OGDCL). This he said while talking to the media at Privatisation Commission. He said The government is targeting around $ 500 million within time of four weeks. He said formal requests for proposals were being sent to Worlds reputable financial institutions including Citibank, J P Morgan, Nomura Investment Inc; UK, Barclays Bank, Morgan Stanley, Goldman Sachs, Credit Suisse, Merrill lynch and others. He said efforts would be made to explore all avenues for value addition of our national assets. After completing the due diligence, Ministries of Petroleum and Natural Resources and Finance would also be taken on board to proceed further, he added. The Minister indicated that Faisalabad Electric Supply Company (FESCO), Convertible or Exchangeable bonds of OGDCL and Jamshoro Power Company (JPC) were on the active list among other entities. He said that invitation was being extended to assess the market appetite prior to extending formal Expression of Interest (EOI) for Faisalabad Electric Supply Company (FESCO). Entities approved by Council of Common Interest (CCI) and Cabinet Committee on Privatisation (CCOP) were being taken forward after necessary restructuring through Public-Private Partnership (PPP) for the value addition of our assets and for the benefit of the country, he added. Referring to the details of the Pakistan Telecommunication Company Limited (PTCL)s outstanding issues, Senator Waqar Ahmed Khan said a meeting of the inter-ministerial committee constituted by the Prime Minister including himself, Syed Naveed Qamar, Federal Minister for Petroleum & Natural Resources and Qamar Zaman Kiara Federal Minister for Information & Broadcasting met Wednesday decided to make concerted efforts for early receipt of the due instalment amount of US $ 800 million to facilitate PTCL in accordance with the SPA signed for the transfer of remaining properties. He also informed the media that the meeting of the PC Board would be convened next week to further discuss the priorities and objectives of the Ministry of Privatisation.