Dar wants transfer of properties to PTCL expedited

68 of the 131 properties have been transferred to PTCL.

ISLAMABAD: Finance Minister Ishaq Dar was told on Monday that over half of the 131 outstanding properties had been transferred in favour of Pakistan Telecommunication Company Limited (PTCL).

Chairing a meeting with senior officials of the Privatisation Commission and the Ministry of Finance on Monday, Dar was told that of the outstanding properties, 68 had been transferred.

Privatisation Commission Chairman Mohammad Zubair said that 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.

Finance Secretary Dr Waqar Masood, Privatisation Secretary Amjad Ali Khan, Adviser to finance ministry Rana Asad Amin and SA to finance minister Shahid Mahmood also attended the meeting.