The Privatisation Commission (PC) Board on Thursday approved budget estimates of the PC for the fiscal year 2023-24, amounting to Rs1248.8 million.
The Board met here under the Chairmanship of Abid Hussain Bhayo, which discussed several topics requiring the PC Board’s attention, said a press release.
The meeting discussed agenda item entailed the presentation and subsequent approval of the Audited Accounts for the fiscal year 2013-2014. The Board expressed appreciation for the extensive deliberations carried out by the Audit Committee and PC management in finalizing the audited accounts.
The Board emphasized the importance of promptly completing the audited reports for the remaining years on priority. These estimates, categorized under various heads of expenditure, will undergo further approval by the federal government as required by PC Ordinance, 2002.
Recognizing the necessity of financial sustainability in PC operations, the Board constituted the “PC Board Investment Committee.”.—APP
