ISLAMABAD - The National Assembly Standing Committee on Water and Power on Tuesday expressed concerns over the privatisation of Distribution companies

With the privatisaion of distribution companies, there would be a monopoly of companies which will damage public interest, committee observed, adding, it would be another exercise, like privatisation of PTCL.

The committee unanimously agreed that government organisations should not be privatised as they are precious assets and government should make efforts to make them profitable instead of privatising them.

The committee strongly recommended that if privatisation is the government policy then they must start with non-profitable organisations.

The committee further emphasised that government may ensure administrative control by keeping 51 percent shares and handing over 49 percent share to private sector.

MNAs Malik Ihtebar Khan, Rana Afzal Hussain Pir Aslam Bodla, Syed Ghulam Mustafa Shah, Nawab Yousaf Talpur, Ria Hasan Nawaz, Muhammad Gohar Shah, Syed Ayaz Ali and Dr GG Jamal attended, while Arshad Khan Leghari chaired the meeting.