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  PRIVATIZATION


"Privatization includes a transaction by virtue of which any property, right, interest, concession, or management thereof or any enterprise, wholly or partially, owned by the Government, is transferred to any person under the provisions of the Act."

"Privatization is the process of transferring ownership of specified property or business operations from a government organization to a privately owned entity, as well as the transition of ownership from a publicly traded, or owned, company to a privately owned company."

Our Mandate:

The Privatization Board is a corporate body established under Section 3 of the Law of Punjab Privatization Board Act 2010 for:

"Carrying out a competitive, fair and transparent process for effecting privatization of the properties of the government;"

"Provide for an expeditious mechanism to resolve disputes relating to privatization and to provide for ancillary matters;”

"Formulate, Manage and Implement the Privatization Program;"

"Make and Implement specific proposals for privatization in accordance with the Privatization Program;"

"Carry out such other functions as are provided for under the Act; and"

"Carry out other such functions as the Board considers advisable to advance the Privatization Program;"



Contribution to revenue generation
 
 
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