{"id":3385,"date":"2020-12-24T15:16:35","date_gmt":"2020-12-24T15:16:35","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=3385"},"modified":"2020-12-24T15:16:37","modified_gmt":"2020-12-24T15:16:37","slug":"ccop-approves-transaction-structure-for-psmc","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/","title":{"rendered":"CCoP approves transaction structure for PSMC"},"content":{"rendered":"\n<p>ISLAMABAD, :The Cabinet Committee on Privatization (CCoP) here on Thursday approved the Transaction Structure for Pakistan Steel Mills Corporation (PSMC).<\/p>\n\n\n\n<p>Federal Minister for Finance and Revenue Dr Abdul Hafeez Shaikh chaired the meeting of the Cabinet Committee on Privatization (CCoP), according to a Finance Ministry press release.<\/p>\n\n\n\n<p>The approval was given on the recommendation of the committee chaired by the Minister for Privatization.<\/p>\n\n\n\n<p>The approved structure for Pakistan Steel Mills would allow for \u201ctransfer of identified core operating assets into wholly owned subsidiary of PSMC through Scheme of Arrangement (as provided in the Companies Act 2017) followed by sale of majority shares of the newly formed subsidiary, without transferring full ownership to strategic private sector partner\u201d.<\/p>\n\n\n\n<p>Minister for Industries and Production Hammad Azhar, Minister for Maritime Affairs Ali Haider Zaidi, SAPM on Petroleum Nadeem Babar, Minister for Privatization Mohammad Mian Soomro, Adviser to the PM on Commerce Abdul Razak Dawood, Minister for Energy Omar Ayub, SAPM on Power Tabish Gauhar and other senior officials of the ministries of Finance, Industries &amp; Production and Privatization Commission participated in the meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD, :The Cabinet Committee on Privatization (CCoP) here on Thursday approved the Transaction Structure for Pakistan Steel Mills Corporation (PSMC). Federal Minister for Finance and Revenue Dr Abdul Hafeez Shaikh chaired the meeting of the Cabinet Committee on Privatization (CCoP), according to a Finance Ministry [&#8230;]<\/p>\n<p>\n","protected":false},"author":2,"featured_media":3386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[2383,2385,2384],"class_list":["post-3385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news","tag-ccop","tag-psmc","tag-transaction-structure"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CCoP approves transaction structure for PSMC - Pakistan News International<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"CCoP approves transaction structure for PSMC - Pakistan News International\" \/>\n<meta name=\"twitter:description\" content=\"ISLAMABAD, :The Cabinet Committee on Privatization (CCoP) here on Thursday approved the Transaction Structure for Pakistan Steel Mills Corporation (PSMC). Federal Minister for Finance and Revenue Dr Abdul Hafeez Shaikh chaired the meeting of the Cabinet Committee on Privatization (CCoP), according to a Finance Ministry [...]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2020\/12\/123-387.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/\"},\"author\":{\"name\":\"News Desk\",\"@id\":\"https:\/\/pni.net.pk\/en\/#\/schema\/person\/2b326eefbddc9c3b180116b6f37cce9f\"},\"headline\":\"CCoP approves transaction structure for PSMC\",\"datePublished\":\"2020-12-24T15:16:35+00:00\",\"dateModified\":\"2020-12-24T15:16:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/\"},\"wordCount\":184,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/pni.net.pk\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2020\/12\/123-387.jpg\",\"keywords\":[\"CCoP\",\"PSMC\",\"transaction structure\"],\"articleSection\":[\"Business &amp; Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/\",\"url\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/\",\"name\":\"CCoP approves transaction structure for PSMC - Pakistan News International\",\"isPartOf\":{\"@id\":\"https:\/\/pni.net.pk\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2020\/12\/123-387.jpg\",\"datePublished\":\"2020-12-24T15:16:35+00:00\",\"dateModified\":\"2020-12-24T15:16:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#primaryimage\",\"url\":\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2020\/12\/123-387.jpg\",\"contentUrl\":\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2020\/12\/123-387.jpg\",\"width\":660,\"height\":360},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pni.net.pk\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CCoP approves transaction structure for PSMC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pni.net.pk\/en\/#website\",\"url\":\"https:\/\/pni.net.pk\/en\/\",\"name\":\"Pakistan News International\",\"description\":\"Latest News, Breaking News from Pakistan\",\"publisher\":{\"@id\":\"https:\/\/pni.net.pk\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pni.net.pk\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/pni.net.pk\/en\/#organization\",\"name\":\"Pakistan News International\",\"url\":\"https:\/\/pni.net.pk\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pni.net.pk\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2021\/12\/site-logo.jpg\",\"contentUrl\":\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2021\/12\/site-logo.jpg\",\"width\":431,\"height\":121,\"caption\":\"Pakistan News International\"},\"image\":{\"@id\":\"https:\/\/pni.net.pk\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/pni.net.pk\/en\/#\/schema\/person\/2b326eefbddc9c3b180116b6f37cce9f\",\"name\":\"News Desk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pni.net.pk\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/34e9ad84679b4a782d4fff9ca3763ebbd7e2cb1b0bb77b91492bba01714a2b4f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/34e9ad84679b4a782d4fff9ca3763ebbd7e2cb1b0bb77b91492bba01714a2b4f?s=96&d=mm&r=g\",\"caption\":\"News Desk\"},\"url\":\"https:\/\/pni.net.pk\/en\/author\/zafarmalik\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CCoP approves transaction structure for PSMC - Pakistan News International","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/","twitter_card":"summary_large_image","twitter_title":"CCoP approves transaction structure for PSMC - Pakistan News International","twitter_description":"ISLAMABAD, :The Cabinet Committee on Privatization (CCoP) here on Thursday approved the Transaction Structure for Pakistan Steel Mills Corporation (PSMC). Federal Minister for Finance and Revenue Dr Abdul Hafeez Shaikh chaired the meeting of the Cabinet Committee on Privatization (CCoP), according to a Finance Ministry [...]","twitter_image":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2020\/12\/123-387.jpg","twitter_misc":{"Written by":"News Desk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#article","isPartOf":{"@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/"},"author":{"name":"News Desk","@id":"https:\/\/pni.net.pk\/en\/#\/schema\/person\/2b326eefbddc9c3b180116b6f37cce9f"},"headline":"CCoP approves transaction structure for PSMC","datePublished":"2020-12-24T15:16:35+00:00","dateModified":"2020-12-24T15:16:37+00:00","mainEntityOfPage":{"@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/"},"wordCount":184,"commentCount":0,"publisher":{"@id":"https:\/\/pni.net.pk\/en\/#organization"},"image":{"@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#primaryimage"},"thumbnailUrl":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2020\/12\/123-387.jpg","keywords":["CCoP","PSMC","transaction structure"],"articleSection":["Business &amp; Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/","url":"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/","name":"CCoP approves transaction structure for PSMC - Pakistan News International","isPartOf":{"@id":"https:\/\/pni.net.pk\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#primaryimage"},"image":{"@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#primaryimage"},"thumbnailUrl":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2020\/12\/123-387.jpg","datePublished":"2020-12-24T15:16:35+00:00","dateModified":"2020-12-24T15:16:37+00:00","breadcrumb":{"@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#primaryimage","url":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2020\/12\/123-387.jpg","contentUrl":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2020\/12\/123-387.jpg","width":660,"height":360},{"@type":"BreadcrumbList","@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/ccop-approves-transaction-structure-for-psmc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pni.net.pk\/en\/"},{"@type":"ListItem","position":2,"name":"CCoP approves transaction structure for PSMC"}]},{"@type":"WebSite","@id":"https:\/\/pni.net.pk\/en\/#website","url":"https:\/\/pni.net.pk\/en\/","name":"Pakistan News International","description":"Latest News, Breaking News from Pakistan","publisher":{"@id":"https:\/\/pni.net.pk\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pni.net.pk\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/pni.net.pk\/en\/#organization","name":"Pakistan News International","url":"https:\/\/pni.net.pk\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pni.net.pk\/en\/#\/schema\/logo\/image\/","url":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2021\/12\/site-logo.jpg","contentUrl":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2021\/12\/site-logo.jpg","width":431,"height":121,"caption":"Pakistan News International"},"image":{"@id":"https:\/\/pni.net.pk\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/pni.net.pk\/en\/#\/schema\/person\/2b326eefbddc9c3b180116b6f37cce9f","name":"News Desk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pni.net.pk\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/34e9ad84679b4a782d4fff9ca3763ebbd7e2cb1b0bb77b91492bba01714a2b4f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/34e9ad84679b4a782d4fff9ca3763ebbd7e2cb1b0bb77b91492bba01714a2b4f?s=96&d=mm&r=g","caption":"News Desk"},"url":"https:\/\/pni.net.pk\/en\/author\/zafarmalik\/"}]}},"_links":{"self":[{"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/posts\/3385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/comments?post=3385"}],"version-history":[{"count":1,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/posts\/3385\/revisions"}],"predecessor-version":[{"id":3387,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/posts\/3385\/revisions\/3387"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/media\/3386"}],"wp:attachment":[{"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/media?parent=3385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/categories?post=3385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/tags?post=3385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}