The meeting presided over by Shaukat Tarin, Minister for Finance, Revenue, Economic Affairs and Statistics here on Monday discussed various modalities for restructuring of PSEs. The meeting also discussed initial framework for restructuring of each PSE.
Weak governance, susceptibility to outside influence and implicit guarantees by the government were identified as major reasons for the under-performance of PSEs. The meeting decided to co-opt the concerned ministers to facilitate the restructuring effort. In this regard the CCoR finalised a proposed roadmap with a timeline which would soon be submitted to the Prime Minister for final approval.
The CCoR has been formed to undertake restructuring of the following eight PSEs: PIA, Pakistan Railways, Pakistan Steel Mills, Pepco, Passco, Utility Stores Corporation, NHA and TCP. The meeting was also attended by the Federal Minister for Privatisation, the Minister of State for Finance and Economic Affairs, the Deputy Chairman Planning Commission, and senior officials of the Ministry of Finance.