A meeting of Council of Common Interests was held in Islamabad today (Monday) with Prime Minister Muhammad Nawaz Sharif in the chair.

It was attended by Chief Ministers of Punjab‚ Sindh‚ Khyber Pakhtunkhwa and Baluchistan. Secretary Inter Provincial Coordination Division Ejaz Chaudhry presented the agenda items.

Addressing the meeting‚ the Prime Minister said the government has very limited resources to bear losses of state enterprises. In the past‚ unnecessary recruitments and corruption resulted in mismanagement of these organizations and therefore‚ in the national interest‚ privatization is the only solution.

He said that governance is a collective responsibility and all the provinces have to work in tandem.

CCI also decided to continue with the Policy of 2011 regarding privatization of power sector entities that is DISCOs and GENCOs.

The meeting approved issuance of sovereign guarantee for Thar coal mining project.

The Prime Minister said that Thar Coal is an important national project‚ which has to be fully supported as it would provide the much needed electricity at cheaper rates. Moreover‚ it was decided that Sovereign Guarantees would be provided for all future coal based projects. The National Energy (Power) Policy 2013-18 was also approved.

The meeting expressed its dissatisfaction over the performance of NEPRA and it was decided that a diagnostic analysis will be conducted to improve its performance.

The Prime Minister directed that consultation with provinces should be mandatory before appointment of board members in public sector companies so that equal representation is ensured. CCI was presented with Annual Report for the year 2012-13‚ which was approved.

The Pakistan Engineering Council (Amendment) Bill 2013 was approved by the CCI .

On the issue of purchase of 20 percent shares of PPL‚ OGDCL and SSGCL at their face value under the Aghaz-e-Haqooq-e-Baluchistan‚ Prime Minister directed the Finance Division to hold detailed consultations with Provinces.

Ministry of Water and Power was directed to hold meetings with all provinces to discuss the principles and decide upon mechanism for at-source deduction of outstanding power sector payables of provinces.

CCI also decided to expedite the transfer of properties in the name of PTCL so that 800 million dollars outstanding on account of its privatization could be realized.

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