ISLAMABAD - The National Assemblys Standing Committee on Privatisation Monday decided to approach the Prime Minister seeking Rs 20 million for the employees of Pak PVC Limited - a company doing business in plastic material manufacturing PVA that was privatised in 1992. The NA body was informed that workers had been waiting for their dues for 18 years after the privatisation of the body. The committee was further informed that the buyer of the entity had not only withheld the remaining Rs 38 million but also loans of Rs 42m and employees legal dues amounting to Rs 21.3m. The joint secretary of the privatisation commission in his briefing had informed the Committee that the buyer has refused to clear the dues of the employees and the government. The committee was informed that privatisation commission did not have surplus fund to pay to the employees, therefore the committee decided to approach the PM through writing a letter to the Speaker NA to pay fund to the employees. Privatisation Minister Senator Waqar Ahmed said the matter was sub judice in the Sindh High Court and the govt had cancelled the allotment of two plots that was transferred to the company buyer under the sale deal. He said these plots were in Islamabad. The committees members showed concerns over the privatisation of the profitable entities of the country and stressed the government to privatise those, which were running in the deficit. The privatisation commission intends to offload up to 20 per cent shares of the Islamabad Electric Supply Company through initial public offering in Karachi Stock Exchange. The IESCO is the most efficient company with the least line losses among nine power distribution companies. The privatisation minister informed the committee that the issue of privatisation of IESCO was to present in the meeting of Council of Common Interest (CCI), however it was deferred till next meeting. Senator Waqar told that IESCO was a federal utilisation company, however it was presented in the meeting of representatives of provincial governments in CCI in order to take all stakeholders on board.