ISLAMABAD - The Privatisation Commission Board met here on Wednesday under the chairmanship of the Federal Minister for Privatisation Ghaous Bux Khan Maher.

PC Board took review of implementation of Board’s decision of last two years and showed concern over un-implemented decisions and directed to expedite the implementation. The board also directed the Privatisation Commission to overcome the operational deficiencies to speed up the privatisation process.While discussing the Capital Market Transaction Roadmap the Board decided that as domestic Capital Market has recovered, and to help the local market, Capital Market related transactions should be expedited. To ensure timely completion of such transactions Board constituted a sub-committee to oversee progress as per timelines. For hiring of Lawyers and Law Firms for Privatisation Commission, PC Board Constituted a Committee comprising Laeeq Shiekh (Chairman), Director General (Admin & Fin), member and Consultant (Legal), PC as members for short listing of firms who have submitted EoIs. Whereas Fourteen Charted Accountant and Valuer Firms also submitted EoIs for placement on PC panel.

The Board, selected Eight Charted Accountant firms and two Valuers firms to provide support services to PC for three years.

The Board also approved the audited accounts of Privatisation Commission for the year ending June 30, 2011.