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Privatisation commission ordinance. “member” means a member of the Board; g.
- Privatisation commission ordinance. Substitutlon of section 28, Ordinance Ltr of 2fi)0. Islamabad, the 28th September,2000 The following Ordinance made. Amendment in section 7, Ordinance LII of 2000. “person” includes an individual, partnership, trust, company or association or of body corporate or body of individuals, whether or not having separate legal personality, other than the Federal THE PRIVATISATION COMMISSION ORDINANCE, 2000 ORDINANCE No. It shall come into force at once. President Alvi approved the ordinance by amending the sub-section 2 (4) of Section 28 as proposed by the government. Privatisation Commission Ordinance, 2000 (As amended up to 31st December, 2021) Government of Pakistan Privatisation Commission Islamabad Ordinance No. The ordinance aims to avoid delays in selling state assets and settle disputes quickly. The Board of the Privatisation Commission and the Cabinet Committee on Privatisation decides as to what kind of process will be followed after deciding which one of the May 25, 2023 · Privatization Commission Ordinance, 2000 | PAKISTAN LAWYERe. “Commission Account” means the Commission Account established under section 14; f. Now, therefore, in pursuance of the aforesaid provisions of the Privatisation Commission Ordinance 2000 and in exercise of powers enabling on that behalf, the Privatisation Commission hereby publishes this notice. Dec 15, 2023 · The Ordinance is promulgated to end unnecessary delays in privatization, resolve issues and ensure implementation of principles of law and justice. The Ordinance empowers the Commission to conduct following functions:- Recommend privatisation policy guidelines to the Cabinet; Aug 9, 2006 · In the instant case as well the various provisions of the Ordinance 2000 indicate that the object was nothing but to implement the decision of the CCI through a Privatisation Commission which has Dec 14, 2023 · ISLAMABAD: President Arif Alvi has promulgated the Privatization Commission (Amendment) Ordinance 2023, the President’s House said Thursday. Ordinance LII of 2000 . The Privatisation Commission shall be a body corporate having perpetual succession and a common seal, with power, subject to the provisions of this Ordinance, to enter into agreements, contracts, acquire and hold property, both moveable and immovable, and to sue and be sued in its name. LII of 2000 28 th September, 2000 An Ordinance to provide for the establishment of the Privatisation Commission WHEREAS it is expedient to provide for the establishment of the Privatisation Commission for implementing the privatisation policy of the Federal Government and to provide for matters connected therewith or incidental This document outlines the Privatization Commission Ordinance established in Pakistan in 2000. Nov 10, 2024 · The Ordinance is promulgated to end unnecessary delays in privatization, resolve issues and ensure implementation of principles of law and justice. Dec 14, 2023 · The powers given to high courts under the Privatisation Commission Ordinance, 2000 have been transferred to the Privatisation Appellate Tribunal. The Privatisation Commission shall be a body corporate having perpetual succession and a common seal, with power, subject to the provisions of this Ordinance, to enter into agreements, contracts, acquire and hold property, both moveable and immovable, and to sue and be sued in its name. Dec 23, 2023 · “The ordinance amending the Privatization Commission Ordinance 2020 has attempted to limit the jurisdiction of high courts, regarding disputes between two parties involved in the process of May 25, 2023 · Privatization Commission Ordinance, 2000 | PAKISTAN LAWYERe. - (1) This Ordinance may be called the Privatisation Commission Ordinance, 2000. Definitions. 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. May 25, 2023 · Privatization Commission Ordinance, 2000 | PAKISTAN LAWYERe. 832(1)/2002 – In exercise of the powers conferred by section 41 of the Privatisation Commission Ordinance, 2000 (LII of 2000) read with section 9(2) thereof, the Privatisation Commission hereby makes the following Regulation namely: - In exercise of the powers conferred by section 41 of the Privatisation Commission Ordinance, 2000 (LII of 2000), the Privatisation Commission is pleased to make the following regulations, namely: - Dec 17, 2024 · The discussion extends to the Privatization Commission Ordinance of 2000, pivotal for consolidating commissions and empowering the Privatization Commission with enhanced authority. The powers given to high courts under the Privatization Commission Ordinance 2000 have been transferred to the Privatization Appellate Tribunal. 1 It extends to the whole of Pakistan. Dec 14, 2023 · 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. “person” includes an individual, partnership, trust, company or association or of body corporate or body of individuals, whether or not having separate legal personality, other than the Federal WHEREAS it is expedient further to amend the Privatization Commission Ordinance, 2000 (Lll of 2000) for the purpose hereinafter appearing; Dec 15, 2023 · The powers given to high courts under the Privatisation Commission Ordinance, 2000 have been transferred to the Privatisation Appellate Tribunal. LII OF 2000 [28th September, 2000] An Ordinance to provide for the establishment of the Privatisation Commission The Privatisation Commission shall be a body corporate having perpetual succession and a common seal, with power, subject to the provisions of this Ordinance, to enter into agreements, contracts, acquire and hold property, both moveable and immovable, and to sue and be sued in its name. - In the Privatization Commission Ordinance, 2000 (LII of 2000), hereinafter referred to as t1le said Ordinance, for section 28, the following shall be substitrted, nmrely:- The Privatisation Commission shall be a body corporate having perpetual succession and a common seal, with power, subject to the provisions of this Ordinance, to enter into agreements, contracts, acquire and hold property, both moveable and immovable, and to sue and be sued in its name. It establishes the Privatization Commission as a corporate body responsible for implementing the privatization policy of the federal government. “person” includes an individual, partnership, trust, company or association or of body corporate or body of individuals, whether or not having separate legal personality, other than the Federal May 25, 2023 · Privatization Commission Ordinance, 2000 | PAKISTAN LAWYERe. 3. Privatisation Commission Ordinance, 2000 (As amended up to September 18, 2024) Privatisation Commission Ordinance, 2000 (As amended up to 31st December, 2021) PART I - GENERAL Short title, extent and commencement. The Commission is tasked with recommending privatization guidelines, planning and managing privatization programs, and facilitating the privatization Privatization Commission Ordinance, 2000. It extends to the whole of Pakistan. This Ordinance may be called the Privatisation Commission Ordinance, 2000. 2% government owned shares of National Bank of Pakistan. “person” includes an individual, partnership, trust, company or association or of body corporate or body of individuals, whether or not having separate legal personality, other than the Federal Privatisation commission ordinanceHigh courts’ role in privatisation ends Our Correspondent | Updated Dec 15, 2023 | President issues ordinance to avoid delays in sale of assets, resolve disputes May 25, 2023 · Privatization Commission Ordinance, 2000 | PAKISTAN LAWYERe. 2(1)/2000-Pub. “person” includes an individual, partnership, trust, company or association or of body corporate or body of individuals, whether or not having separate legal personality, other than the Federal Dec 14, 2023 · The powers given to high courts under the Privatization Commission Ordinance 2000 have been transferred to the Privatization Appellate Tribunal. Legislation Ministry of Privatisation - Privatisation Commission 2. The 'Privatisation Commission Ordinance 2000' has been amended from Section 28 to Section 33 of the ordinance. Dec 15, 2023 · ISLAMABAD: President Dr Arif Alvi promulgated, “The Privatization Commission (Amendment) Ordinance, 2023” which transfers the powers of the High Courts to the Privatisation Appellate Tribunal The Privatisation Commission shall be a body corporate having perpetual succession and a common seal, with power, subject to the provisions of this Ordinance, to enter into agreements, contracts, acquire and hold property, both moveable and immovable, and to sue and be sued in its name. view to obtain the best possible price, varies somewhat depending on the nature of the entity being privatised, on the proportion of shares being offered for privatisation, and on whether a transfer of management is involved. TheStatutes Privatization Laws Ordinance Transfer of Managed Establishments Order, 1978 Privatisation Commission Ordinance Rules Privatisation (Modes and Procedures) Rules, 2001 Privatisation Commission (Valuation of Property) Rules, 2007 Privatisation Commission Form and Manner of Budget & Accounts (Accounting Procedure) Rules, 2007 Regulations Privatisation Commission (Hiring of Valuers Dec 15, 2023 · President Dr Arif Alvi issued a new ordinance on Thursday to create a Privatisation Appellate Tribunal, which would take over the functions of high courts in privatisation matters. Islamabad, the 28th September, 2000 The following Ordinance made by the President is hereby published for general information The Privatisation Commission Ordinance, 2000 Ordinance No. Whereas the privatization commission has completed the divestment of 23. Ministry of Privatisation - Privatisation CommissionOn 22 January 1991, the Privatisation Commission (PC) was established as a sub-branch of the Finance Division, to implement the privatisation programme of the Government. It will also help establish Appellate Tribunal. R. pdf Page: Feb 6, 2015 · 3. Privatisation Commission Ordinance, 2000 (As amended up to 31st December, 2021) Additionally, the Commission will present meticulously researched policy proposals to the federal government, with the aim of fostering an enabling environment for the privatisation of state-owned enterprises, in line with the functions outlined in the Privatisation Commission Ordinance. (LAW, JUSTICE AND HUMAN RIGHTS DIVISION) F. GOVERNMENT OF PAKISTAN MINISTRY OF LAW, JUSTICE, HUMAN RIGHTS AND PARLIAMENTARY AFFAIRS (LAW, JUSTICE AND HUMAN RIGHTS DIVISION) F. Privatization Commission Ordinance, 2000 2559 visitors reached this page 1 visitors downloaded PDF file Complete Law Related Laws Linked Subordinate Legislation Print/Download PDF administrator00532129aba2e10fe634ab8fbd94c50b. ― In the Privatization Commission Ordinance, 2000 (LII of 2000), hereinafter referred to as the said Ordinance, in section 7,- PART I – GENERAL Short title, extent and commencement. In this manner, the government The Ordinance was further strengthened after the 17th amendment in the Constitution of Pakistan, 1973, whereby, it was ratified as a permanent law. The ordinance is promulgated to end unnecessary delays in privatisation, resolve issues and 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 . Manner and procedure for privatisation. It will also help establish the Appellate Tribunal. Dec 15, 2023 · President Dr Arif Alvi on Thursday issued an ordinance to end the role of high courts in privatisation matters aimed at avoiding “unnecessary delays” in selling state assets and expeditiously Jul 8, 2025 · Showing 1 to 10 of 53 entriesFirst Previous 1 2 3 4 5 6 Next Last The Privatisation Commission shall be a body corporate having perpetual succession and a common seal, with power, subject to the provisions of this Ordinance, to enter into agreements, contracts, acquire and hold property, both moveable and immovable, and to sue and be sued in its name. President Alvi approved the ordinance by amending Dec 14, 2023 · 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. THE PRIVATISATION COMMISSION ORDINANCE, 2000 ORDINANCE No. “member” means a member of the Board; g. --- (1) The manner for carrying out the privatisation programme under section 22 of the Ordinance and the procedure for modes of privatisation under section 25 thereof shall, if, and to the extent, the Commission deems necessary, include Jul 23, 2024 · ISLAMABAD: The National Assembly Standing Committee on Privatisation Monday approved amendments to the Privatisation Commission Ordinance, 2000, including establishment of an appellate tribunal to ACKNOWLEDGEMENT Privatisation Commission acknowledges the valuable contribution of Additional Secretary, Officers, Consultants and Officials to the drafting of this Annual Report that comply with the provisions of the Privatisation Commission Ordinance, 2000. “person” includes an individual, partnership, trust, company or association or of body corporate or body of individuals, whether or not having separate legal personality, other than the Federal The Privatisation Division (PD) was created on 28thNovember, 2000, to administer the activities of the Privatisation Commission (PC), which is governed under the Privatisation Commission Ordinance 2000, which is the executive arm of all the privatisation and related activities. 2. The amendment has been made in Articles 28 to 33 of NOTIFICATION In exercise of powers conferred by section 40 of the Privatisation Commission Ordinance, 2000 (LII of 2000), read with sections 22 and 25 thereof, the Privatisation Commission, with the approval of the Federal Government, hereby makes the following rules, namely: - The discussion extends to the Privatization Commission Ordinance of 2000, pivotal for consolidating commissions and empowering the Privatization Commission with enhanced authority. Dec 11, 2023 · Interim Privatisation Minister Fawad Hasan Fawad has confirmed to The Express Tribune that the cabinet has given approval to the Privatisation Commission Amendment Ordinance 2023. The May 25, 2023 · Privatization Commission Ordinance, 2000 | PAKISTAN LAWYERe. - In the Privatization Commission Ordinance, 2000 (LII of 2000), hereinafter referred to as the said Ordinance, for section 28, the following shall e su Official website of the Privatisation Commission, providing information on privatisation policies, projects, and updates in Pakistan. LII OF 2000 [28th September, 2000] An Ordinance to provide for the establishment of the Privatisation Commission Feb 25, 2015 · Senate Standing Committee on Finance has adopted, in the Privatisation Commission Ordinance 2000, amendments regarding post-audit of privatisation transactions and mandatory declaration of The Privatisation Commission shall be a body corporate having perpetual succession and a common seal, with power, subject to the provisions of this Ordinance, to enter into agreements, contracts, acquire and hold property, both moveable and immovable, and to sue and be sued in its name. “person” includes an individual, partnership, trust, company or association or of body corporate or body of individuals, whether or not having separate legal personality, other than the Federal Definitions “Client” means Privatisation Commission (the “PC”) established under Section (3) of Privatisation Commission Ordinance, 2000; “Consortium” means a group of body corporates or firms that have agreed to be jointly and severally responsible for the obligations under the FASA; Dec 14, 2023 · The powers given to high courts under the Privatization Commission Ordinance 2000 have been transferred to the Privatization Appellate Tribunal. Subsequently, on 28 September 2000, the Privatisation Commission Ordinance, 2000 (Ordinance) was promulgated and the Commission was converted into a body corporate, which May 24, 2023 · Notification Under Privatisation Commission Ordinance, 2000 | PAKISTAN LAWYERIn early 2001, it was decided that shares of state-owned enterprises (“SoEs”) be divested by means of offers for sale through the stock exchanges with the objectives of passing on the benefits of privatization to he general public and deepening and strengthening the stock market. — (1) The manner for carrying out the privatisation programme under section 22 of the Ordinance and the procedure for modes of privatisation under section 25 thereof shall, if, and to the extent, the Commission deems necessary, include May 25, 2023 · Privatization Commission Ordinance, 2000 | PAKISTAN LAWYERe. “person” includes an individual, partnership, trust, company or association or of body corporate or body of individuals, whether or not having separate legal personality, other than the Federal Dec 15, 2023 · The ordinance is promulgated to end unnecessary delays in privatisation, resolve issues and ensure the implementation of principles of law and justice. “person” includes an individual, partnership, trust, company or association or of body corporate or body of individuals, whether or not having separate legal personality, other than the Federal MINISTRY OF PRIVATISATION (Privatisation Commission) NOTIFICATION Islamabad, the 20th November, 2002 S. No. 2 (1)/2000-Pub. LII of 2000 28 th September, 2000 An Ordinance to provide for the establishment of the An Ordinance to provide for the establishment of the Privatisation Commission. Dec 15, 2023 · ISLAMABAD: President Dr Arif Alvi promulgated the Privatisation Commission Ordinance 2023 on Thursday. O. vmom 5z4g uncdo yp6r esm7pqm omaiy44 i2bjr az7ywcb arzud io0dws