ISLAMABAD: The Standing Committee of National Assembly on Finance, Revenue and Privatization has recommended that the matter regarding the recovery of outstanding amounts shall be referred to the National Accountability Bureau (NAB) to act against the defaulter companies, including Etisalat (PTCL).
The third meeting of the Standing Committee on Finance Revenue and Privatization was held under the Chairmanship of Syed Imran Ahmed Shah, MNA. The meeting was started with the recitation from the Holy Quran and the committee decided to proceed with the given agenda.
The chairman welcomed Ms. Shaheen Shafiq, MNA being a new member of the committee. The committee unanimously confirmed the minutes of its 2nd meeting held on 29.11.2017. The Secretary Privatization briefed the Committee about the pending cases in the court and outstanding amounts regarding Privatization of the government entities/ units.
He also briefed the legal, financial and technical aspects of Share Purchase Agreement (SPA) regarding PTCL’s Privatization and transparency of this project. He also briefed about the efforts regarding recovery of outstanding amounts by the concern defaulter companies.
The committee recommended that the ministry shall respond the question asked by the members in its next meeting. The committee also recommended that the comprehensive briefing shall be presented regarding the PTCL’s Privatization by the ministry in its next meeting.
The committee also recommended that the matter shall be referred to the (NAB) National Accountability Bureau regarding the determination and punishment of the responsible persons of fiscal deficit and destabilization of the Pakistan Steel Mills, Karachi, immediately. The MNAs / Members Justice (r) Iftikhar Ahmed Cheema, Ms Shaheen Shafiq, Ms. Maiza Hameed, Ms. Munaza Hassan, Dr. Imran Khattak, Abdul Waseem, Engineer Mohammad Usman Badini, and parliamentary Secretary for Privatization attended the meeting. The senior officers from the Ministry of Privatization were also attended the meeting.
