ISLAMABAD - Pakistan's Privatization Commission has welcomed expression of interest (EoIs) from qualified strategic nvestors to divest 51 per cent share holding in Sui Southern Gas Company Limited (SSGC).

"SSGC offers significant potential for revenue and earning of growth to an investor with resources and expertise to operate gas transmission, distribution, wholesale and retail business," a Privatization Commission statement said here, according "Dawn" newspaper on Wednesday. SSGC is Pakistan's leading integrated gas company, with a franchise area covering the provinces of Sindh and Balochistan and serving more than 1.7 million consumers, the daily added. For the other company, Sui Northern Gas Pipelines Limited (SNGPL), the commission has already invited EoIs for its privatization on March 4, this year. Primarily, these two companies are responsible for gas supply to the country's four provinces, from the biggest gas field in Balochistan i.e. Sui Gas Fields. The proposed sell-off of these companies is in line with the government's privatization policy to improve status and efficiency of the State-owned companies and encourage foreign investment. Last year, the telecom giant, Pakistan Telecommunication Company Limited's 26 percent shares and Karachi Electricity Supply Corporation, among few other assets, were privatized. The privatization of one of the Asia biggest steel mills, Pakistan Steel Mills, is also in the pipeline. PIN/IRNA
کد خبر 76601