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 PUNJAB PRIVATIZATION BOARD

The Punjab Privatization Board (PPB) is an autonomous body working under the administrative control of the Board of Revenue, Government of the Punjab. It was constituted on August 4, 1997, with the charter to undertake the privatization / disinvestment / sale of industrial units, other enterprises and assets / properties owned by the Government of the Punjab.

The Board consists of a Chairman and seven other Members. The Board operates in accordance with its approved terms of reference for implementing privatization policy of the Government of the Punjab.

OUR VISION:

"A world class Privatization Agency, innovatively transforming public enterprises for accelerated economic growth."

"To be agent of change, implementing transactions that contribute significantly in transforming Pakistan into vibrant economy."

OUR MISSION:

"To create attractive privatization investment & growth opportunities and effective manage a Privatization Program that meets desired national objectives."

"To undertake the process of privatization of public assets in a transparent and competitive manner fetching the best monetary benefits to the public exchequer.”

OUR CORE VALUES:

To achieve the vision and the mission, we are guided by the following core values:

Integrity - "We employ the highest ethical standards, demonstrating honesty and fairness in every action that we take."

Transparency - "We are open in our decisions and actions."

No Favouritism - "There is no room for nepotism or favouritism."

Crystal Clear Process - "We always follow the Crystal Clear Development Process to sale out our precious properties."

Accountability - "We take full responsibility for our actions that relate to our customers and fellow workers. We take responsibility for our performance in all our decisions and actions."

Professionalism - "We uphold professional ethics in discharging our mandate."

DESIRED BENEFITS:

"The improvement of infrastructure and delivery of public service by the involvement of private capital and expertise."

"The reduction of the demand for government resources.”

"The generation of additional government revenue by receiving compensation for privatizations."

"The improvement of the regulation of the economy by reducing conflicts between the public sector’s regulatory and commercial functions.”

"The improvement of the efficiency of the Pakistan economy by making it more responsive to market forces.”

"The broadening of the base of ownership in the Pakistan economy; and"

"The enhancement of the capital markets.”



Quaid-e-Azam Solar Power Ltd. (QASPL) is under Privatization
 
 
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