Privatisation Commission (Modes and Procedures) Rules, 2001

Government of Pakistan
Ministry of Privatisation
Privatisation Commission

Islamabad, the 22nd January 2007

Notification

S.R.O. 67(I))/2007.—- In exercise of powers conferred by section 40 of the Privatisation Commission Ordinance, 2000 (LII of 2000), read with sections 22 and 25 thereof, the Privatisation Commission, with the approval of the Federal Government is pleased to direct that the following amendment shall be made in the Privatisation Commission (Modes and Procedures) Rules, 2001:-

In the aforesaid Rules, after rule 6, the following new rule shall be added namely:-

“7. A Special Purpose Vehicle (SPV) incorporated outside Pakistan, which is wholly and directly or indirectly owned and controlled by the bidder or purchaser and where the performances and obligations of such SPV are irrevocably and unconditionally guaranteed by the bidder or purchaser vide an instrument approved by the Privatisation Commission, may acquire property in a privatisation in accordance with the provisions of the Ordinance. The Privatisation Commission shall have the absolute discretion to impose such eligibility criteria in the Request for Statement of Qualification (RSoQ) documents with regards to a SPV as it may deem expedient and proper from time to time.”

_______________________
No. F. 16(14)P&C/PC/2001

Hafiz Rahim Bakhsh
Director