Public Accounts Committee seeks to delay power firms’ sell-off until asset valuation

ISLAMABAD: The Pub­lic Accounts Committee (PAC) on Tuesday propo­sed deferring the privatisation of power companies, expected to take place in January, until their assets, machinery, land and other properties are properly assessed and revalued to prevent potential losses to the national exchequer. The proposal came after Auditor General of Paki­stan Maqbool Ahmad Gon­dal raised concerns that the government was relying on outdated valuations of public assets during a meeting of the PAC to examine

Source: Dawn