CPC meeting to be held under  Dar postponed

ISLAMABAD (Online): The meeting of Cabinet Privatization Committee (CPC)  to  be held under foreign minister Ishaq Dar has  been deferred.

According to Privatization Commission (PC) sources two points agenda was to be  mulled over in the first meeting of cabinet committee. Restructuring of privatization policy and prevalent situation of privatization were to  be reviewed.

However finance minister has reservation on constitution of CPC  under foreign minister.

In the committee constituted by Prime Minister (PM), the finance minister has not been even made member of it.

In the past the CPC was always headed  by finance minister.

IMF has demanded for accelerating the pace of privatization to curtail finacial deficit in the current  financial year.

Sources further said government has assured IMF to speed up work on privatization program.

As many as 25 entities are included in the active list of privatization at present.

It is  condition of IMF that PIA should be privatized in the current fiscal year.