ISLAMABAD - The Privatisation Commission on Tuesday failed to satisfy the Cabinet Committee on Privatisation over its recommendations regarding the divestment of the Heavy Electrical Complex.

The CCoP, which met under the chair of Finance Minister Ishaq Dar, has reviewed the recommendations of the Privatisation Commission's Board regarding the divestment of the Heavy Electrical Complex.

The Chairman Privatisation Commission (PC), Mohammad Zubair briefed the meeting about the divestment process and other related matters. However, sources informed that PC officials could not satisfy the members of the CCoP. Finance Minister directed the Chairman PC to urgently come up with necessary clarifications on these queries. The Finance Minister directed for the CCoP meeting to be reconvened within this week for further consideration of the recommendations of the PC Board in the light of fresh inputs. Federal Minister for P&NR, Shahid Khaqan Abbasy, Commerce Minister, Khurram Dastgir, Secretary Finance, Dr. Waqar Masood, Advisor Finance Division, Rana Assad Amin, Chairman BOI, Miftah Ismail, Chairman Privatisation Commission, Mohammad Zubair, Secretary Privatisation Commission, Ahmed Nawaz Sukhera and other senior officials attended the meeting.