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ISLAMABAD, July 16: The Ministry of Inter-Provincial Coordination (IPC) has decided to hand over assets and properties worth billions of rupees of the Pakistan Tourism Development Corporation (PTDC) to provinces without evaluation, a document of the ministry reveals.
The decision of the IPC ministry seems to negate an earlier one of not handing over assets to provinces without prior evaluation.
According to sources, assets of the PTDC are being distributed without any criteria and prior approval of Prime Minister Nawaz Sharif.
If the decision of the IPC is implemented, Khyber Pakhtunkhwa will be the biggest beneficiary because a majority of PTDC resorts are located in that province.
The document said a recent PTDC board meeting, held in the Ministry of Inter-Provincial Coordination, had decided that a liquidator would be appointed to evaluate the value of corporation’s assets after making adjustments of their current liabilities, which include dues payable to employees such as gratuity, leave increment, provident fund and other benefits.
PTDC assets worth billions being handed over to provinces - DAWN.COM
The Pakistan Tourism and Development Corporation (PTDC) has handed over the land of Malam Jabba Resort to the Khyber-Pakhtunkhwa (K-P) government, according to a press release issued by the K-P Tourism Corporation (KPTC) on Friday.
“The Malam Jabba Land Resort saw the light of day due to the harmony, mutual cooperation and direct communication between the federal government and provincial government of K-P,” read the statement. “Nine employees of Malam Jabba Land Resort have also been transferred to the provincial government,” it added.
Promoting tourism: PTDC hands over Malam Jabba Resort to govt – The Express Tribune
ANP, JUI-F agree on seat-adjustment to jointly contest by-elections - thenews.com.pk
Electoral Alliance:
ANP and JUIF join hands against PTI for the byelection.
ANP, JUI-F agree on seat-adjustment to jointly contest by-elections - thenews.com.pk
Electoral Alliance:
ANP and JUIF join hands against PTI for the byelection.
Electoral Alliance:
ANP and JUIF join hands against PTI for the byelection.