Privatization Ministry asked to brief standing committee regarding the privatization of PIA

By; Asghar Ali Mubarak; 29th January, 2018

Islamabad :The 4th meeting of the Standing Committee on Privatization was held under the Chairmanship of Syed Imran Ahmed Shah, MNA

The meeting was started with the recitation of the Holy Quran and proceeded with given Agenda.

The Committee unanimously confirmed the minutes of its 3rd meeting held on 27th December, 2017.

The Honorable Minister of Privatization briefed the Committee regarding the implementation status of previous recommendations of the meetings held on 29th November and 27th December, 2017. He briefed that the ministry has reviewed all privatization, transaction wherein recovery of outstanding amount from the defaulter brayers, is pending, on case to case basis. As per law the Final Notice to the defaulter has been served before the matter is referred to National Accountability Bureau (NAB). The Committee recommended that the Ministry shall update the Committee regarding the status, replies, litigation, recovery and references to National Accountability Bureau (NAB) regarding the outstanding amount and defaulter buyers. He also briefed that a reference through the Chairman of National Assembly Standing Committee on Industry and Production has already been sent National Accountability Bureau (NAB) on 18-12-2017 regarding the Pakistan Steel Mills. The Committee showed satisfaction in this regard and decided that no more reference is required to refer National Accountability Bureau (NAB). He also briefed regarding privatization of Pakistan Telecommunications Company (PTCL) and replied the questions of Committee. The Committee appreciated the overall performance of the Ministry about the recovery of amount and efforts in this regard. The Committee decided that the Ministry shall brief the Committee regarding the privatization of Pakistan International Airlines (PIA) in its next meeting.

The Honorable MNA/Members Syed Imran Ahmad Shah, MNA, Ms. Shaheen Shafiq, MNA, Ms. Maiza Hameed, MNA, Ms. Munaza Hassan, MNA, Dr. Imran Khattak, MNA, Mr. Abdul Waseem and Minister of Privatization attended the meeting. The senior officers from the Ministry of Privatization were also attended the meeting.

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