Islamabad, President Dr. Arif Alvi has promulgated the Privatization Commission (Amendment) Ordinance 2023, This legislative change aims to expedite and streamline the privatization process in Pakistan.
According to Ministry of Information and Broadcasting, The Ordinance is specifically designed to address and resolve issues causing unnecessary delays in the privatization process. Additionally, it seeks to ensure the implementation of the principles of law and justice within this framework. One of the key features of the Ordinance is the establishment of an Appellate Tribunal, which is expected to facilitate the resolution of disputes and challenges arising during the privatization process.
This legislative amendment signifies the government’s commitment to refining and enhancing the efficiency of the privatization process, ensuring it aligns with legal and judicial standards.