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Under Article 53(8) When the National Assembly is dissolved, the Speaker shall continue in his office till the person elected to fill the office by the next Assembly enters upon his office

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NA Standing Committee on Privatization
Wednesday, 27th December, 2017

Islamabad, 27th December 2017: The 3 rd meeting of the Standing Committee on Privatization was held under the Chairmanship of Syed Imran Ahmed Shah, MNA.

2.      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.

3.      The committee unanimously confirmed the minutes of its 2nd meeting held on 29.11.2017.

4.      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 Hon, 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 the matter regarding the recovery of outstanding amounts shall be referred to the (NAB) National Accountability Bureau against the defaulter companies. 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.      

5.      The Hon. MNAs/Members Justice (Retd.) Iftikhar Ahmed Cheema, Ms Shaheen Shafiq, Ms. Maiza Hameed, Ms. Munaza Hassan,Dr. Imran Khattak, Mr.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.