ISLAMABAD: State Minister for Petroleum and Natural Resources Jam Kamal Friday said Heavy Electrical Complex (HEC) has been privatized after a transparent bidding process.
Responding to a Calling Attention Notice, moved by Saeed Ghani in Senate, he said the privatization process of HEC had started in 2006. The HEC was enduring the losses of Rs 400 million, he added.
He assured the House that the privatization of HEC had been made according to its real value.
The evaluation company had evaluated the value of HEC from Rs 400 million to Rs 900 million, whereas the final bid of HEC was Rs 1100 million, he added.
Mover of the calling attention notice, Saeed Ghani alleged that the HEC had been doled out to a sole bidder, foreign origin fake company at only Rs 250 million. He also announced a token walkout on the issue.
Responding to another calling attention notice, moved by Syed Tahir Hussain Mashhadi, State Minister for Parliamentary Affairs, Shaikh Aftab Ahmed said for promotions of higher cadre officers, there are various factors including ACRs, performance, etc. However government was ready to consider the cases of deserving officers of smaller provinces.
Leader of the House Raja Zafar-ul-Haq said, he will bring the grievances of the officers of smaller provinces, who have been ignored in promotions, to the notice of Prime Minister.
Chairman Senate Mian Raza Rabbani asked the Leader of the House to brief the House on the matter on Monday.
Earlier, the mover of the calling attention notice, Syed Tahir Hussain Mashhadi criticized recent promotions of superior bureaucracy and alleged that various deserving officers of Sindh, Balochistan had been ignored without any reason.
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The 68th Anniversary of the Founding of the People’s Republic of China.
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