ISLAMABAD - Federal Finance Minister Senator Ishaq Dar said that the Lakhra Coal Power Project had been cleared for disinvestment by Cabinet Committee on Privatization (CCoP), directing the Privatization Commission to initiate a summary for disinvestment of Lakhra Project for approval by the Council of Common Interests (CCI) which is due to meet shortly.

Federal Minister for Finance Senator Mohammad Ishaq Dar reiterated that the government is committed to undertake the disinvestment of public sector entities (PSEs) in a transparent manner and shall fully protect the interest of the employees working in PSEs.

Disinvestment, he said, would be undertaken following due process and all legal and coda formalities would be observed. He made these observations during a meeting with Privatization Commission at the Finance Ministry, held to review the progress in the disinvestment of PSEs. Chairman Privatization Commission Mr. Muhammad Zubair briefed the Finance Minister on the status of various PSEs and the steps taken so far by the Privatization Commission to disinvest them.

The meeting was attended by the Secretary Finance Dr Waqar Masood, Advisor to the Ministry of Finance Rana Asad Amin, Secretary Privatization Commission, Amjad Ali Khan and senior officials of Finance and Privatization Commission.