ISLAMABAD: The Senate Standing Committee on Privatization convened under the leadership of Senator Dr. Afnan Ullah Khan to discuss critical matters, including energy sector reforms, the restructuring of Pakistan International Airlines Corporation Limited (PIACL), and the legal issues surrounding a Karachi property dispute.

According to Senate of Pakistan, the meeting was attended by several senators and officials, including Senator Bilal Ahmed Khan and representatives from the Privatization and Power Divisions. The committee received detailed updates on the privatization progress of Distribution Companies (DISCOs) and Generation Companies (GENCOs), focusing on the challenges faced by the Quetta Electric Supply Company (QESCO) due to its financial and operational difficulties. Discussions also covered the potential issues in privatizing Guddu and Nandipur power plants, with indications that the current privatization plans might undergo changes.

The committee was further briefed on PIACL’s restructuring, including a significant payment of Rs. 5 billion expected by June 15 and the addition of over 50 aircraft to the airline’s fleet. Concerns were raised about the health and medical facilities provided to PIACL employees and retirees, with officials reporting improvements in healthcare services facilitated by the State Life Insurance Corporation.

Additionally, the committee examined a property dispute involving the National Commodities Exchange Limited (NCEL) Building on Pakistan Railways land in Karachi. The successful bidder requested a change in the ownership arrangement, which was opposed by Pakistan Railways, leading to litigation and a stay order. The committee plans to revisit the issue in a future meeting, calling for representatives from all parties involved to clarify their positions.