Privatization of HEC completed

ISLAMABAD, Jan 2 (APP): The Privatization Commission of Pakistan on Tuesday completed the privatization process of Heavy Electrical Complex (HEC) by handing over the share certificates to the buyer M/s IMS Engineering (Pvt) Limited.

In a final settlement of Rs1.4 billion transaction, the buyer IMS Engineering has not only made full payment but has also taken over additional liabilities of…