ISLAMABAD: Senate Standing Committee on Privatisation was informed that government was seeking joint venture instead of planning to sell Roosevelt Hotel in New York City.

Body was told that TORs have been sent to Aviation Division that is pending due to delay in appointment of the Financial Advisor to key stakeholders that has been reinitiated by Privatization Commission.  

Discussing privatisation process of SME Bank Ltd Committee was informed that CCOP considered summary December 24, 2022 submitted by Ministry of Privatisation and approved recommendations of PC-Board in its meeting held November 25, 2022 regarding delisting of SME Bank from Privatisation Programme. 

Finance Division and State Bank of Pakistan will take on matter further. A report will be presented to Committee in next meeting.  

Published in The Daily National Courier, January, 13 2023

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