ISLAMABAD: The Election Commission of Pakistan (ECP) has ordered the government to stop privatisation of PIA and restructuring the Federal Board of Revenue (FBR).
According to sources, the ECP secretary wrote a letter to the secretary cabinet division, urging him to halt PIA privatisation until further decision of ECP.
The commission also sought other relevant record about the PIA privatisation from the federal caretaker government.
The ECP secretary also wrote a letter to the prime minister, urging him to stop work on FBR reforms.
It was said the caretaker government had no authority of taking major policy decision under Article 230.
It was ordered to stop the reorganisation till the next government takes charge.
Speaking last week, Privatisation Minister Fawad Hasan Fawad said the plan would be taken to the current cabinet for approval before a new government takes over following the election.
The restructuring plan completed by transaction adviser Ernst & Young has divested the PIA into two entities; one ‘clean’ one and the other to be parked in a holding company with legacy debt, which includes negative equity of 825 billion rupees in loans, creditors’ money and losses.
