NA Committee seeks swift progress on ZTBL, DISCO privatization

August 18, 2026 (MLN): The National Assembly Standing Committee on Privatization on Tuesday called for timely implementation of its recommendations and directed the relevant authorities to provide complete, accurate and updated information along with necessary follow-up measures.

The committee meeting, chaired by MNA Muhammad Farooq Sattar, reviewed the implementation status of earlier recommendations and received updates from the concerned ministry, departments and organizations.

The committee was briefed on the current position and proposed way forward for Zarai Taraqiati Bank Limited (ZTBL).

It was informed that the Federal Cabinet approved ZTBL’s inclusion in the Privatization Programme 2024–29 on August 13, 2024.

Subsequently, the Privatization Commission Board categorized ZTBL as a Major Privatization and initiated the privatization process.

The committee also reviewed the proposed privatization of Distribution Companies (DISCOs) and sought detailed updates on the progress, procedure and related developments.

Emphasizing transparency and due diligence, the committee stressed strict compliance with all applicable rules and procedures during the privatization process.

It also recommended that, if privatization proceeds, the employment status, service rights and legitimate interests of existing employees be protected in accordance with relevant laws, rules and regulations.

Members of the National Assembly, including Anwar-ul-Haq Chaudhary, Saba Sadiq, Samar Haroon Bilour, Sehar Kamran and Arshad Abdullah Vohra, attended the meeting.

The Secretary, Ministry of Privatization/Privatization Commission, President and CEO of ZTBL, and senior officials of the ministry and its attached departments were also present.

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