ISLAMABAD: The Privatization Commission (PC) on Sunday clarified a news item in the Daily Times on July 22 about investment made by its management board.
The Privatization Commission, in a statement on Sunday, said the report “PC Board members involved in Rs 5.72 billion investment scam” of Mr Rana Mushtaq was misrepresentation of facts as the reporter had narrated the story of past investment made by the then management of PC Board during the period between the years 2007-2012.
All such investments have already been recovered along with mark-up and placed back in the PC funds, it added.
Furthermore, during the present government and the current PC Board tenure since June 2013, it said the PC had maintained all its accounts only in the National Bank of Pakistan strictly in accordance with the policy of the Finance Division.
Moreover, the PC gives utmost importance of its financial responsibilities and maintains standards of transparency, it added.
