The Muttahida Majlis-e-Amal (MMA) has said it will soon publish a white paper on the privatisation of state assets by the government "at throwaway prices to its favourites" and a committee had been formed to collect the data.
This document would help in trial of the responsible persons in future. A spokesman of MMA in Multan Kanwar Muhammad Siddique said the fertiliser factories, steel mills, banks, oil companies, and insurance companies were being sold out while those were running in profit besides, payment of fair Government taxes. With the privatisation of these units thousands of workers rendered jobless and Government revenue would also fall to an alarming extent.
He said thousands of acres of land of Pakistan Steel Mills (PSM) were worth more than the bid being accepted by the Privatisation Commission. The gratuities of the employees of the biggest industrial unit of the country being privatised ran into billions of rupees. But the commission did not take that important aspect into its consideration, Kanwar said adding the MMA after coming to power would reverse all such deals, which the Privatisation Commission negligently had made.
The commission should have re-evaluated the fixed assets of PSM as per prevalent market rates before the sale of the unit, the MMA /JI leader said. He observed that the bid was based on the book value after the deduction of depreciation from fixed assets and was not in the national interest.
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