Additionally, sources said that Commerce Division had been directed in the first meeting to complete on a fast track basis an evaluation regarding insurance and reinsurance sector (SLIC, NICL & Pak Re-Insurance Company) along with the need for regulatory framework to move ahead for privatisation; however, no such evaluation was completed by the ministry. The meeting directed the Commerce Division to present its report in this regard by March 31, 2019.
The Petroleum Division was directed to expedite the work on regulatory framework for creation of competitive market place for gas sector. Earlier, the secretary Privatisation Division shared with the meeting progress on the Active Privatization List which includes National Power Parks Management Company (NPPMCL), SME Bank, divestment of government's residual shares in Mari Petroleum Gas Company, Services International Hotel, Lakhra Coal Development Company, Jinnah Convention Centre Islamabad, and the First Women Bank Ltd. The committee was informed that progress of various degrees had been achieved on the PSEs included in this list. The CCoP was also briefed on follow-up action on decisions taken in the meeting held on October 31, 2018.
The CCoP was informed that in pursuance of the decision, 15 PSEs including PIA have already been de-listed from the Privatisation Programme. Minister for Privatisation Muhammad Mian Soomro was also present on the occasion.