PTCL’s Privatization is a Large Scale Scandal: Chief Justice

Chief Justice of Pakistan, Justice Iftikhar Chaudary, while hearing a petition regarding privatization of PTCL, has termed PTCL’s privatization as a large scale scandal, reported ‘Daily Jang’ today.

While noting its observations, honorable court said that buyer was given concessions while it breached the agreement.

CJ is going to chair a bench of three Judges to hear the case from October 19th, 2009.

On petition filed by Malik Maqbool, General Secretary PTCL Line’s staff, CJ summoned all applications regarding the privatization of PTCL, and said they will be settled collectively during proceedings.

Court has asked PTCL for response over the petition, while Secretary Privatization has also been summoned in next hearing.

General Secretary PTCL Line’s staff informed that 26 percent shares of PTCL were sold in year 2005 for a value of 2.599 billion dollars, with administrative control, to Etisalat. Petitioner noted that PTCL earned net profit of Rs. 29.4 billion in year 2004, while company incorporated 75,000 employees then. After privatization, the profit has squeezed down to 9 Rs. Billion only, further said the petitioner.

It was noted that Etisalat had to pay USD 2.599 billion in 30 days – but in April 2006, agreement was re-settled and payment was scheduled in installments, which Etisalat is still paying.

Justice Jawad S Khawaja mentioned that Agreement was not entertained at all, instead of taking action against the buyer, it was offered with incentives and concessions.

PTCL employees’ petitions will be coupled with the privatization application, in principal.

  • The following terminated officers from PTCL have the same case as of Dr. Tathir Naz for whom the Honourable CJ SC has ordered today to restore her and give him all pervious salries from the date she was terminated from PTCL

    1. Riffat Mirza,General Manager, H: 247,
    Street: 31, Sector: G-8/2, Islamabad. 03335250560
    2 Nasir Mehmood General Manager H: 85, Street: 33, Sector: G-11/2, Islamabad.0333-5144269
    3 Gohar Aman Senior Manager H: 14, A.K. Brohi Road, Sector: G-11/1, Islamabad.
    4 Jamshed Rizvi Senior Manager H: 583, Street: 11, Sector: I-10/2, Islamabad. 0333-5533645
    5 Muhammad Afzal Kharal Senior Manager H: 389-A, Revenue Society, Johar Town,Lahore. 0333-4069870
    6 Saleem Khalid Senior Manager H: 505, Street: 12,
    Sector: G-10/2, Islamabad.0334-5542985,
    7 Zafar Iqbal Senior Manager H: 15, Street: 12, Block:A, Sawan Garden, Islamabad.

    CJ SC of Pakistan through this comment is requested to order Restoration of above offiers as well as did in the case of Dr. Tathir Naz, terminated illegally by HR/PTCL.

    Any media personnel may help these officers to bring above names into the notice of CJ, SC of Pakistan.

  • All I know is PTCL support was worst before privatization and now its pathetic. So Houston, something has been changed here :-p

  • hi
    yar PTCL walon se kaho koe sim nikalin ro card system rakhin achy Pakgs dn sms free kr den r mobiles network k liy achy rates nikalin sasty hon taxes na hon card recharg k us sim se har wo cheez ho saky jo tel ,u,zong,warid,jaz se ho jata ha.Phr dakhna bazi kese ulty g in tmam cellular comPnz ki.i mean jaz,u etc

  • PTCL has layoff a large No of its employees for conceling all old matters. and the services of hardworker and honest employees are not availalbe, Now contract employees working on a havy salary, they have no concerned with PTCL they are only adopting coreption in the purchases of stationary and furniture and machinery and spending and large amount on building head and contractual employee geting a havy amount from this head. This is not sincerness with PTCL. PTCL can improve his services only if it nationlized we request to honorable CJ to Order for its nationalization. in this way we can save PTCL and Pakistan

  • WTFFFF!!!! PTCL’s profits dropped to 9 billion becz other companies like telenor and warid and zong were introduced…not becz of the privatization!!!! Agar naa ki hothi privatize…tou it wud be like the steel mills and railway and PIA….

  • close