ISLAMABAD: President Dr Arif Alvi has promulgated the Privatization Commission (Amendment) Ordinance 2023, the President’s House said Thursday. The amendment has been made in Articles 28 to 33 of the earlier Privatization Commission Ordinance 2000. The purpose of the Ordinance is to end unnecessary delay in matters related to privatization, resolution of issues, and compliance in accordance with the principles of law and justice.

Under the amendment, a three-member Privatization Appellate Tribunal will be set up by the federal government, which will have the authority to take up civil and criminal cases related to privatization. The powers given to high courts under the Privatization Commission Ordinance 2000 have been transferred to the Privatization Appellate Tribunal. President Alvi approved the ordinance by amending the sub-section 2(4) of Section 28 as proposed by the government.

He amended the proposal of appointing the retired judge of the high court with the retired judge of the Supreme Court of Pakistan. The other members include a technical and judicial member.

The appeal against the decisions of the Appellate Tribunal will be filed with the Supreme Court of Pakistan within 60 days of the verdict. The Sections 30 and 33 of the Ordinance 2000 have been abolished. The president approved the Ordinance in line with Article 89 of the Constitution of Pakistan.

Published in The Daily National Courier, December, 15 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.