Business
NA panel questions PTCL authority to sell assets
字号+ Author:Smart News Source:Sports 2025-01-13 19:45:54 I want to comment(0)
ISLAMABAD: The National Assembly Standing Committee on IT & Telecom questioned the authority of the Pakistan Telecommunication Company Ltd (PTCL) to sell its properties since the board of directors was not the owner of the company. The committee meeting in the Parliament House sought answers to several queries from the state-owned largest telecom company, including the board’s powers under the sale purchase agreement (SPA) between the Government of Pakistan and Etisalat. Committee chair Syed Aminul Haque showed an advertisement to the Ministry of IT & Telecom officials and the executive representing the PTCL. The advertisement sought bids to purchase several properties of the PTCL, but in response, the PTCL executive said that no property had been sold as the required price was not offered. Expresses anger for not sharing SPA with Etisalat The answer irked the committee members and Mukhtar Ahmad Malik of the PML-N asked, “What was the intention behind floating this advertisement to sell the properties?” He criticised the PTCL for not fulfilling their commitments made in the committee, “You do not share the SPA, and for three months you have been telling this parliamentary committee that the procurement policy will be submitted – why is everything being delayed?” Mr Haque politely asked if the SPA allowed the company board to sell the assets, and if yes, how many could be sold. The committee members read out the minutes of the previous meeting where the PTCL informed that 62 per cent shares of PTCL were with the Government of Pakistan, while 26pc, along with management rights, were with Etisalat, and 12pc have been floated at the stock exchange. After facing the grilling at the hands of committee members for not providing the answers to queries raised in the previous meeting, the PTCL stated that they did not have the answers as they were not technical people. The committee chair directed the PTCL officials to provide answers to all the queries in the next meeting. Omer Ayub and Sher Ali Arbab criticised the government for planning to block VPNs shortly and for continuous internet throttling. They demanded action under the Committee Rules against the PTA and the IT ministry officials who have been making misstatements in the committee. “They told the committee that internet speed would be normal by the end of August. Later, it was the end of October, and we still face it; some said that VPN usage was degrading the internet,” Mr Ayub said, as he had joined the committee through a digital link. Dr Khawar Siddique, PTA member compliance, told the committee that internet speed was normal in the country, adding that there was no connection with the usage of VPNs and the internet speed.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Gaza ministry says all hospitals to cut or stop services ‘within 48 hours’ over fuel shortages
2025-01-13 18:37
-
کراچی والے 6.2°C درجہ حرارت پر کانپ رہے ہیں
2025-01-13 17:41
-
پی ٹی آئی کو ”مانڈیٹ کا مطالبہ“ کرنے پر مجبور کیا جائے گا، سناء اللہ کا کہنا ہے کہ پارٹی نے عمران سے ملاقات میں ”روکاوٹوں“ کی مذمت کی ہے۔
2025-01-13 17:24
-
پنجاب کے سابق وزیر اعلیٰ پرویز الہیٰ پر کرپشن کے کیس میں فرد جرم عائد
2025-01-13 17:04
User Reviews
Recommended Reads
Hot Information
- SHC seeks report on narcotics recovered during 10 years
- مدد رسانی کا کا فوجی قافلہ روکے جانے سے کرم کے لوگ امداد کے منتظر ہیں
- 2023ء کی لائیو ٹی وی پر ہونے والی جھگڑے کے بعد، مارواٹ اور افنان نے آخر کار اپنی دوری ختم کر دی۔
- 2023ء کی لائیو ٹی وی پر ہونے والی جھگڑے کے بعد، مارواٹ اور افنان نے آخر کار اپنی دوری ختم کر دی۔
- Romania braces for parliament vote after far right’s poll upset
- مدد رسانی کا کا فوجی قافلہ روکے جانے سے کرم کے لوگ امداد کے منتظر ہیں
- پنجاب کے سابق وزیر اعلیٰ پرویز الہیٰ پر کرپشن کے کیس میں فرد جرم عائد
- عمران خان نے 19 کروڑ پونڈ کے کیس کے فیصلے کی التواء پر شدید تنقید کی
- South Africa reiterates call for global action to secure Palestine’s freedom
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content