The Senate on Thursday approved the Privatisation Commission (Amendment) Bill, 2024.
According to details, Senate Chairman Yousuf Raza Gillani chaired a session. On this occasion, Privatization Minister Abdul Aleem Khan presented the bill, which was unanimously approved in the Senate. In line with the privatisation, the appellate tribunal will be established, where there will be judicial authority.
The tribunal will be comprised of the chairman, one technical, and one judicial member. The retired Supreme Court judge will be the chairman of the tribunal. The tenure of the employment of the chairman and other members of the tribunal will be three years.
The age of the members of the privatisation appellate tribunal will be no more than 65. The federal government can sack the chairman or any of the members of the tribunal.
According to the text of the tribunal, the purpose of the tribunal is to ensure the completion of the privatisation process in a transparent way. The tribunal will have the special power to make the decision on all the matters.
The appeal against any of the decisions made by the tribunal will only be possible in the Supreme Court within 60 days.
– Aleem Khan looks to mobilise free economic zones nationwide –
Few days back, Abdul Aleem Khan decided to implement planning pf mobilising the free economic zones (FEZ) nationwide.
According to details, Aleem Khan chaired a meeting. On this occasion, the proposals of projects like Bin Qasim Industrial Park in Karachi and Allama Iqbal Industrial City in Faisalabad came to light. It was decided to speed up the process of industrialisation and workload in all the FEZ.
Aleem Khan said: "The industrial progress is possible in 26 FEZ in different cities. The concerned departments need to get themselves immediately active where there has been delay in the process."
Emphasising the need for the industrial uplift, Aleem Khan said: "We should not merely talk but take reasonable measures for the industrial progress."
"The industry shifted from China to Bin Qasim Industrial Park can be given room," said Aleem Khan.
The minister had urged the Board of Investment (BoI) to highlight the action plan and ensure steps for the concerned departments in line with the industrial zones.
Aleem Khan stated: "Not only should the speed, but the BoI also needs to give the results within one month."
