PC no mechanism to keep check on privatized units: Senate told
ISLAMABAD, July 11 (APP): State Minister for Privatization Saeedul Hassan Mandokheil on Wednesday informed the Senate that Privatization Commission (PC) has no framework or mechanism to keep check on privatized units. In response to a question during Question Hour, he said that the PC through sale agreement,sale purchase agreement, share purchase agreement incorporates lock-in-period/clause which does not exceed more than three years. The lock-in-period/clause protects the interest of the stakeholders during the lock in period.