The committee met under the chairmanship of MNA Muhammad Barjees Tahir, at the parliament house to probe into the privatization of PTCL. After hearing the officials of both the ministries, the committee declared that despite having outstanding financial portfolio, PTCL was privatized to an entity which did not fulfill contractual obligations despite the grant of concessions by the government.
The body expressed its reservations over the entire privatization process and said, “it seems as if the previous government wanted to get rid of PTCL which was a profit earning entity at the time of its privatization.”
The committee also expressed reservations over the exclusion of Telephone Industries of Pakistan from the privatization process, which was a subsidiary of PTCL.
Former secretary of IT and Telecom privatization argued that the privatization process was conducted in a transparent manner. They said that the deregulation of the telecommunications sector and the huge number of employees, it was clear that the unit will suffer losses and the government should provide subsidies for its maintenance.
Therefore, they add, the price to PtCl downloaded from its sale was the best. Privatization Secretary informed the Committee that Etisilat, buyers PtCl, stopped paying installments to the real estate transfer PtCl in the company name.
He further informed that the provincial government and other departments had been asked to expedite the process of transfer of land to PTCL so that the payment from Etisilat could be actualized.