President Arif Alvi issued the Privatization Fee Modification Ordinance 2023.
The Ordinance amended Sections 28 to 33 of the Privatization Fee Ordinance 2000.
Sections 30 and 33 of the Privatization Fee Ordinance 2000 had been repealed by the President below Article 89-1 of the Structure.
The aim of the Modification Ordinance is to eradicate pointless delays and to unravel issues in privatization circumstances.
A Privatization Appellate Tribunal has been established via the Ordinance. The Appellate Tribunal could have jurisdiction to listen to and resolve civil and legal issues associated to privatization.
Privatization Fee Ordinance 2000 transferred the powers of the Excessive Courts to the Privatization Appellate Tribunal, previous to the Ordinance all of the Excessive Courts of the nation had concurrent jurisdiction over privatization circumstances.
Underneath the ordinance, the federal authorities will set up a three-member Privatization Appellate Tribunal. Underneath the ordinance, a retired choose of the Supreme Court docket would be the Chairperson of the Privatization Tribunal, the Appellate Tribunal can even have a technical member and a judicial member.
The Supreme Court docket could have jurisdiction to listen to appeals towards the selections of the Appellate Tribunal. Any individual aggrieved by the choice of the Privatization Appellate Tribunal can file an enchantment within the Supreme Court docket inside 60 days.
