NA panel questions PTCL authority to sell assets

The National Assembly Standing Committee on IT & Telecom questioned the authority of the Pakistan Telecommunication Company Ltd (PTCL) to sell its properties since the board of directors was not the owner of the company. The committee meeting in the Parliament House sought answers to several queries from the state-owned largest telecom company, including the board’s powers under the sale purchase agreement (SPA) between the Government of Pakistan and Etisalat. Committee chair Syed Aminul Haque showed an advertisement to the Ministry of IT & Telecom officials and the executive representing the PTCL. The advertisement sought bids to purchase several properties of the PTCL, but in response, the PTCL executive said that no property had been sold as the required price was not offered.