NA Body’s Reservations on PTCL Privatization
The Standing Committee on Information Technology and Telecommunications heard officials of the Ministries of Privatization and Information Technology & Telecom who were involved in the privatization process of the Pakistan Telecommunication Company Limited. The Standing Committee expressed its reservations on the whole privatization process and said that it seems as the government wanted to get rid of the PTCL which was undoubtedly a profit earning entity at the time of its privatization.
The committee met under the chairmanship of Ch. Muhammad Barjees Tahir, an MNA, in the Parliament House, today to further probe into the privatization of PTCL. The committee also expressed its reservations on exclusion of Telephone Industries of Pakistan from the privatization process which was a subsidiary of PTCL leaving it in a lurch. The former secretaries of Privatization and IT and Telecom contended that the privatization process was carried out through diligence and in a transparent manner and the negotiation between the buyer and the government of Pakistan had the concurrence of the highest forums i.e. CCOP, ECC and the cabinet.
They said that after the deregulation of Telecom sector and huge burden of employees, it was obvious that the entity would have suffered huge losses and the government would have to provide huge subsidy for its sustenance. Therefore, the price which PTCL fetched by its sale was best price. The meeting was attended by Dr. Talat Mahesar, Ch. Iftikhar Nazir, Mir Munawar Ali Talpur, Mrs. Farhat Khan, Mr. Muhammad Faiz Tamman, Syed Muhammad Saqlain Bokhari, Khawaja Shiraz Mehmood, Miss MArvi Memon, Malak Azmat Khan, Secretary M/o I.T & Telecom, Additional Secretary M/o Privatization, Ex-Secretaries of IT & Telecom and Privatization, Ex-Chairman PTCL and other officers of the concerned departments.
(Source: Pakobserver)
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