HAFEEZ SHAIKH CHAIRS INTER-MINISTERIAL MEETING ON PAKISTAN TELECOMMUNICATION SECTOR

Islamabad, May 1, 2005

The privatisation process of Pakistan Telecommunication Company Limited (PTCL) has build up tremendous momentum in this transaction with bidder's actively engaging PTCL in queries and receiving suitable responses. In order to maintain this momentum and to facilitate the privatisation process, a meeting of the inter-ministerial committee constituted by the Prime Minister to review the enabling legislative framework to facilitate privatistion of PTCL and promote investment in the telecom sector, a meeting of the Committee was held under the chairmanship of Dr. Abdul Hafeez Shaikh Federal Minister for Privatisation & Investment here today.

The meeting reviewed the proposed changes to the enabling legislation and took decisions to finalise these in order to facilitate the privatisation and investment process of Telecom sector.

The meeting was by attended by the members of the Committee Minister for Information Technology, Minister for Communications, Minister for Law, Justice and Human Rights Division, Adviser to the Prime Minister on Finance, Secretary, Cabinet Division, Chairman PTA, Secretary, IT & Telecom Division and senior representatives of Cabinet Division, IT & Telecom Division, PTA, Ministry of Law and Justice, Frequency Allocation Board and the Privatisation Commission.