Latest news with #PrivatisationCommissionBoard
Business Recorder
3 days ago
- Business
- Business Recorder
PM appoints Asif, Amir to PC Board
ISLAMABAD: The prime minister has appointed Asif Ali Qureshi and Amir Shehzad as members of the Privatisation Commission Board, bringing exceptional expertise in investment, finance, and corporate leadership to advance the government's privatisation agenda. Qureshi is a Chartered Financial Analyst (CFA) from CFA Institute, USA, with an MA in International Financial Analysis from Newcastle University, UK, and an MBA (Finance) from Quaid-i-Azam University. He is currently CEO of UBL Fund Managers Limited and has served as Director of the Mutual Funds Association of Pakistan (MUFAP) and CFA Society Pakistan. Govt appoints two new members to Privatisation Commission Board He brings vast experience in Pakistan's banking and financial sector, and deep understanding of the energy sector which is an important pillar of Government's Privati-sation programme. Amir Shehzad holds an Executive Leadership Program certificate from Cornell University, USA, and a BS in Finance (Cum Laude) from Arizona State University, USA. Copyright Business Recorder, 2025
Business Recorder
3 days ago
- Business
- Business Recorder
Govt appoints two new members to Privatisation Commission Board
The federal government has appointed Asif Ali Qureshi and Amir Shehzad as members of the Privatisation Commission Board, aiming to strengthen the body's strategic and technical capabilities, the Ministry of Privatisation said on Tuesday. Qureshi, a Chartered Financial Analyst (CFA) with an MA in International Financial Analysis from Newcastle University, UK, and an MBA in Finance from Quaid-i-Azam University, currently serves as CEO of UBL Fund Managers Limited. He has also held positions at the Mutual Funds Association of Pakistan (MUFAP) and CFA Society Pakistan, bringing extensive experience in banking, finance, and the energy sector. Shehzad, who holds an Executive Leadership Program certificate from Cornell University, USA, and a BS in Finance (Cum Laude) from Arizona State University, is Chairman of Unity Foods Limited. His career includes roles as Director and Group Senior Executive at Unity Foods and EVP & Head of Investment Banking at Askari Bank Limited, with experience spanning FMCG, banking, agri-business, and private equity. The ministry stated that the appointments will enhance the commission's institutional capacity and support more effective decision-making and the execution of privatisation transactions in line with the government's strategic objectives.
Business Recorder
09-07-2025
- Business
- Business Recorder
Privatisation agenda makes progress
ISLAMABAD: In a significant advancement of the government's privatisation agenda, two major decisions were taken Tuesday by the Privatisation Commission Board and the Cabinet Committee on Privatisation (CCoP), marking steady progress in key strategic transactions. 1- Prequalification of Investors for Pakistan International Airlines (PIA): The Privatisation Commission (PC) Board, in its 237th meeting held under the chairmanship of Adviser to the Prime Minister on Privatisation and Chairman, Privatisation Commission, Muhammad Ali, approved the prequalification of four interested parties for the divestment of Pakistan International Airlines Corporation Limited (PIACL). The Board reviewed the recommendations of the Prequalification Committee based on the evaluation of Statements of Qualification (SOQs) submitted by five prospective investors, in line with technical, financial, and documentary requirements defined in the Request for Statement of Qualification (RSOQ). Following a thorough scrutiny, the following four Interested Parties have been pre-qualified: PIA privatisation: EoIs due today for up to 100% stake Consortium comprising Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited, and Metro Ventures (Private) Limited. Consortium comprising Arif Habib Corporation Limited, Fatima Fertilizer Company Limited, City Schools (Private) Limited, and Lake City Holdings (Private) Limited Fauji Fertilizer Company Limited Air Blue (Private) Limited The pre-qualified parties will now proceed to the buy-side due diligence phase - a critical next step in the transparent and competitive privatisation process of PIACL. 2- Roosevelt Hotel Transaction Structure Approved: In another major development, the Cabinet Committee on Privatisation (CCoP) today approved the transaction structure for the Roosevelt Hotel, New York, as proposed by the Privatisation Commission Board.
