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Referring to reports regarding Public Accounts Committee (PAC) discussion
on the Accounts & Audit Reports of the Ministry of Industries, Production &
Special Initiatives, carried by a section of the press, a spokesman of the
Privatisation Commission has clarified that all privatisation transactions
were being carried out by the Privatisation Commission (PC) in accordance with
the Privatisation Commission Ordinance 2000 and the rules & regulations laid
down there under.
He said that far from sale at throwaway prices every asset is sold through
open, fair and transparent competitive process under which sales proceeds of
the assets were maximized after valuation in accordance with universally
established standards, he concluded.