Parliament approves re-establishment of PCB

Parliament approves re-establishment of PCB
  • The committee’s report highlighted that the PCB members were appointed without approval from parliament and that these members have not fulfilled their responsibilities
  • The motion to re-establish PCB was passed with 68 votes in favor
  • The seven-member board is tasked with privatization, corporatization, and monitoring state-owned companies
  • Parliament has passed the motion to re-establish the Privatization and Corporatization Board (PCB).

    The PCB was established in 2013 under the Finance Ministry.

    The state-owned enterprises committee’s report highlighted that the PCB members were appointed without approval from parliament and that these members have not fulfilled their responsibilities.

    The motion to re-establish PCB was passed with 68 votes in favor. The motion will be sent to the President, who will send names of candidates for the new PCB to the parliament for approval.

    The seven-member board is tasked with privatization, corporatization, and monitoring state-owned companies.