Government Holdings (Private) Limited engages in managing and monitoring government of Pakistan's working interest in oil and gas exploration and production joint ventures, and equity participation in public companies. Its activities include partnerships in exploration licenses, petroleum discoveries, and drilling wells. The company was founded in 2000 and is based in Islamabad, Pakistan.
House No. 9
Street No. 29
Founded in 2000
Privatisation Commission Of Pakistan To Present Privatization Plan
Feb 6 14
The Privatisation Commission of Pakistan will brief the Public Accounts Committee memberson its plan to privatize 31 public sector entities. Chairman of Public Accounts Committee, Syed Khursheed Shah, summoned the meeting for a briefing from the commission. The plan includes Oil and Gas Development Co., Ltd. (KASE:OGDC), 78% stake in Pakistan Petroleum Ltd. (KASE:PPL); 20% stake in Mari Petroleum Company Limited (KASE:MARI); Government Holdings (Private) Limited;60% stake in Pak Arab Refinery Limited, 25% stake in Pakistan State Oil Company Limited (KASE:PSO); 60% stake in Sui Southern Gas Co., Ltd. (KASE:SSGC) and Sui Northern Gas Pipelines Ltd. (KASE:SNGP). The banking sector privatization plan includes
42% stake in Habib Bank Limited (KASE:HBL) through secondary public offering, 20% stake in United Bank Ltd. (KASE:UBL) through secondary public offering, 10% stake in Allied Bank Limited (KASE:ABL) through secondary public offering, 76% stake in National Bank of Pakistan (KASE:NBP) through disinvestment with management control (preferably) or block sales to qualified investor, State Life Insurance Corporation of Pakistan Ltd; Nimir Industrial Chemicals Limited. (KASE:NICL); National Investment Trust Limited; 94% stake in Small and Medium Enterprise Development Authority with disinvestment with management control or merger with tier II/III banks and 51% stake in Pakistan Reinsurance Company Ltd. (KASE:PAKRI) through disinvestment with management control. The power sector includes Islamabad Electric Supply Company Limited, Faisalabad Electric Supply Company Limited, Hyderabad Electric Supply Company Ltd.; Jamshoro Power Company Limited; Jamshoro Power Company Limited; Muzaffargarh Power Company; National Power Construction Corporation (Pvt) Limited and 46% stake in Kot Addu Power Co. Ltd. (KASE:KAPCO). The proposal also includes Heavy Electrical Complex (Pvt.) Ltd.; Pakistan Steel Mills Corporation (PVT) LTD.; 25% stake in Pakistan Engineering Company Limited (KASE:PECO); Pakistan International Airlines Corporation (KASE:PIAA) restructuring followed by disinvestment of 26% government equity stakes to strategic partner with management control, 90% stake in Pakistan National Shipping Corp. (KASE:PNSC);Convention Center Islamabad and PIA Investments Ltd. The Commission will also inform the PAC about its privatization process of PIA regarding the appointment of financial advisor for disinvestment of 26% stake in PIA, 96% stake in Heavy Electric Complex, 88% stake in National Power Construction Corporation (Pvt) Limited, disinvestment of government shareholdings in Habib Bank Limited (KASE:HBL), United Bank Ltd. (KASE:UBL) and Allied Bank Limited (KASE:ABL), 5% stake in Pakistan Petroleum Ltd. (KASE:PPL) and 10% stake in Oil and Gas Development Co., Ltd. (KASE:OGDC).