ISLAMABAD - The Government on Wednesday stepped up move for privatisation of mega state-entities as the Board of the Privatisation Commission allowed appointment of Financial Advisors for respective projects. The Board of the Privatisation Commission (PC) that met under the chairmanship of Senator Waqar Ahmed Khan, Federal Minister for Privatisation, gave go-ahead for inviting Expressions of Interests (EOIs) for appointment of Financial Advisors for Pakistan Post Offices Departments (PPOD), National Power Construction Company (NPCC) and Heavy Electrical Complex (HEC). The financial advisors would evaluate these entities and suggest the best possible option for taking the transaction forward for their value addition, including corporatization, revamping, revitalisation, management outsourcing through public private partnership (PPP), divestment of shares through domestic and international Capital markets. The Board meeting also gave go-ahead to the listing of Islamabad Electric Power Company (IESCO) on the Stock Exchange for its initial public offering (IPO). The capacity building, plant optimisation and turnaround of Pakistan Steels Mills Corporation was also discussed in detail. The board formed various transaction committees for these entities comprising PC board members to monitor the progress of the process for ensuring utmost transparency and satisfaction of the all the respective stakeholders. Earlier, the minutes of the previous Board meeting were approved and the implementation status of the decisions of the previous Board meeting were reviewed. PC Boards committee was also formed on Audit. It was also decided to invite fresh EOIs for selection of a panel of Chartered Accountants and to retain the existing panel for a period of three upcoming months. Addressing on this occasion, Senator Waqar said that the Government was determined to restrict the policymaking and not to run the businesses. He directed the PC officials to function within the parameters of the Privatisation Law and to support all those entities, which were endeavouring to make them profitable and adopt most beneficial modes while executing the transaction on the approved privatisation list. The PC Board members, Minister for Pakistan Post, senior officials of the respective ministries, departments, including ministry of finance and PC officials attended the meeting.