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HomePakistanPrivatization did not even happen, but it was revealed that 2 billion...

Privatization did not even happen, but it was revealed that 2 billion rupees were embezzled in the name of process

Muhammad Latif Dawn TV + Daily Dawn

330 million rupees (33 crores) were given only to the advisor for the privatization of the National Power Park Company.

ISLAMABAD: The Senate Standing Committee on Privatization revealed that a total of 1992 million rupees (one billion 99 crores) was spent on the process of privatization during the last five years and even though many institutions were not privatized, their crores were spent. Advertisers were given Rs.

Secretary Privatization informed the committee that National Power Park Company was removed from the privatization list and 330 million rupees (33 crores) was given to the advisor for the privatization of National Power Park Company.

It was revealed in the meeting that during the last five years, 1405 million rupees were spent on the privatization process, while the total operational expenditure was 1992 million rupees.

It was revealed in the committee that several companies that were not privatized had given crores of rupees to advertisers.

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