Role of Privatization Commission
摘要
A robust legal framework is paramount for the successful implementation of privatization initiatives. Chapter 11 provides an extensive overview of the intricate legal landscape surrounding privatization in Pakistan, tracing the evolution of laws and regulations governing this transformative process. It meticulously examines key enactments such as the Transfer of Managed Establishments Order of 1978, which initially vested significant powers in the federal government regarding privatization. The discussion extends to the Privatization Commission Ordinance of 2000, pivotal for consolidating commissions and empowering the Privatization Commission with enhanced authority. Moreover, the chapter sheds light on recent amendments to the Privatization CommissionPrivatization Commission Ordinance Ordinance in 2021, aiming to bolster the commission’s autonomy, simplify procedures, and safeguard employee rights amidst privatizationPrivatization efforts. It introduces the Inter-governmental Commercial Transactions Act of 2022, delineating pathways for state asset privatizationPrivatization through government-to-government agreements.