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The committee deferred its discussion on the ‘Privatisation Commission (Amendment) Bill 2021’ to the next meeting. Reuters
ISLAMABAD: At the maiden meeting of the Senate Standing Committee on Privatisation on Thursday, the government said that 99 per cent of the revenue generated through privatisation was utilised for debt retirement and poverty alleviation.
Giving details at the meeting, Privatisation Secretary Hassan Nasir Jamy said that 90pc of the revenue from privatisation was used for debt retirement while the remaining 10pc was for poverty alleviation.
The committee deferred its discussion on the ‘Privatisation Commission (Amendment) Bill 2021’ to the next meeting since members requested Committee Chairman Senator Shammin Afridi to study the draft bill.