LAHORE: Punjab Cabinet on Saturday approved privatization of Quaid-e-Azam Solar Park.

“Investors have shown keen interest in the privatization of this project,” said Chief Minister Punjab Shahbaz Sharif while chairing the cabinet meeting in Lahore.

He directed for formation of standing committee of the cabinet to monitor privatization process of the company.

The provincial cabinet also approved establishment of ‘Punjab Thermal Power Company Limited’ for new 1200 megawatt gas power project.

The meeting also approved amendment in ‘Punjab Servents Housing Foundation Act 2004’, amendment in ‘Provincial Motor Vehicles Ordinance Schedule 12’ and Punjab Zakat and Ushar Act 2016.

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