(1) This Ordinance may be called the Privatisation Commission Ordinance, 2000.
(2) It extends to the whole of Pakistan.
(3) It shall come into force at once.
In this Ordinance, unless there is anything repugnant in the subject or context,-
|
(a) |
"Board" means the Board of the Commission. |
| (b) |
"Cabinet" means the Cabinet of the Federal Government, and where authorized, includes the Cabinet Committee on Privatisation (CCOP) as constituted by the Cabinet from time to time; |
| (c) |
"Chairman" means Chairman of the Commission; |
| (d) |
"Commission" means the Privatisation Commission established under section 3; |
| (e) |
"Commission Account" means the Commission Account established under section 14; |
| (f) |
"member" means a member of the Board; |
| (g) |
"person" includes an individual, partnership, trust, company or association or of body corporate or body of individuals, whether or not having separate legal personality, other than the Federal Government or any enterprise owned or controlled by the Federal Government; |
| (h) |
"prescribed" means prescribed by rules made under this Ordinance; |
| (i) |
"privatisation" includes a transaction by virtue of which any property, right, interest, |
| (j) |
"Privatisation Fund" means the Privatisation Fund established under section 16; |
| (k) |
"privatisation proceeds" means the proceeds of privatisation received by the Commission; |
| (l) |
"property" includes any right, title or interest in property, moveable or immovable and in whole or in part, and any means and instruments of production owned or controlled directly or indirectly by the Federal Government or any enterprise owned or controlled by the Federal Government whether in or outside Pakistan; |
| (m) |
"regulations" means the regulations made under section 41 of this Ordinance; |
| (n) |
"regulatory authority" means the Pakistan Telecommunication Authority established under the Pakistan Telecommunication (Re-Organisation) Act, 1996, (Act XVII of 1996), the National Electric Power Regulatory Authority established under the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997 (Act XL of 1997), the Natural Gas Regulatory Authority established under the Natural Gas Regulatory Authority Ordinance, 2000 (Ordinance I of 2000), and such other authority as may be established under any law; |
| (o) |
"rules" means the rules made under section 40 of this Ordinance; |
| (p) |
"Secretary" means the Secretary of the Commission; and |
| (q) |
"staff" means the staff of the Commission and includes a deputationist and a contract employee. |