1 billion 99 crore rupees were spent only on consultancy for privatization – Daily Qudrat

The Privatization Secretary said in the briefing that in the last five years, 4 billion 38 crore rupees were earned from privatization transactions, while 1 billion 40 crore rupees were spent on privatization during this period, the total amount spent in operating expenses was 1 billion 99 crore. rupees

Secretary Privatization said that the National Power Park Company has been removed from the list of privatization, 33 crore rupees have been given to the financial council for the privatization of the National Power Park Company, Pakistan Steel Mills has also been removed from the list of privatization, three steel mills Over the years, the financial council was paid 12 crore 70 lakh rupees, Jinnah Convention Center was also removed from the list of privatization, the financial council was paid 70 lakh rupees in Jinnah Convention Center.

Committee senator Bilal Ahmed asked why a financial advisor is being hired for privatization.

The Secretary Division of Privatization responded that the financial council says that the institution can be privatized or not.

Committee Chairman Talal Chaudhry asked why the privatization was stopped after going through so much.

The Privatization Secretary replied that it was the government that later decided not to privatize the company, last year the cabinet had delisted the steel mill, the reason for not privatizing the steel mill was that there was only one bidder that it would not be fair to go with a bidder, CDA had some objection to the privatization of Jinnah Convention Center.

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