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Dar chairs a meeting to review the status of property transfer

ISLAMABAD: Federal Finance Minister Ishaq Dar chaired a meeting with senior officials of the Privatization Commission and Ministry of Finance on Monday to analyze the status of property transfer in the name of Pakistan Telecommunication Company Limited (PTCL), ARY News has learnt.

The meeting was attended by Chairman Privatization Commission, Mohammad Zubair , Finance Secretary Dr. Waqar Masood, Secretary Privatization Amjad Ali Khan, Advisor to Finance Ministry, Rana Asad Amin and Special Assistant to Finance Minister, Shahid Mahmood.    

 Mohammad Zubair informed Ishaq Dar that over half of the 131 outstanding properties had been transferred in favour of PTCL while transfer of the remaining properties is in progress.   

The minister was also informed that the commission is in contact with the provincial governments for early transfer of properties.     

The Finance Minister, after detailed briefing, directed the Privatisation Commission to accelerate transfer of the remaining properties to PTCL in order to deliver on the commitments and help He secure the release of outstanding payment from the management of PTCL worth $800 million.

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