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A small consultation with the Finance & Law Ministries could've cleared this up. A financial vehicle under the ambit of the Federal Government with an independent board needs to be set up. Several transaction advisory firms specialise in this sort of thing. https://twitter.com/kayzafar/status/1275863708728770560
At the Planning & Development Board and especially Investment Climate Reform Unit, many transaction advisory firms and senior lawyers were brought on board to answer the simple question "How do you crowd in resources/expertise from the private sector for establishing a fund?"
The answer was simple. Three options were given, each with their own merits & demerits:
1. A Section 42 Company
2. A Section 3 Company
3. An Authority/Autonomous Body
All of these were deemed unfit as the political narrative at the time was centred in closure of Companies/SOEs.
1. A Section 42 Company
2. A Section 3 Company
3. An Authority/Autonomous Body
All of these were deemed unfit as the political narrative at the time was centred in closure of Companies/SOEs.
Following Projects have been scrapped in Punjab since 2018 as a suitable legal structure was not finalised:
1. Specialised Investment Vehicle for SMEs
2. Agriculture Innovation & Development Fund
3. Public Private Partnership Fund
4. Environment Endowment Fund
5. IT Fund
1. Specialised Investment Vehicle for SMEs
2. Agriculture Innovation & Development Fund
3. Public Private Partnership Fund
4. Environment Endowment Fund
5. IT Fund
6. Infrastructure Development Fund
7. Support Fund for Academia
And the list goes on.
The rules and regulations are clear. I find it hilarious when critics of public service/government in genera justify key decisions they would have normally criticized.
7. Support Fund for Academia
And the list goes on.
The rules and regulations are clear. I find it hilarious when critics of public service/government in genera justify key decisions they would have normally criticized.
I genuinely sympathise with Tania Aidrus. She shouldn't be caught up in all of this and probably means well.
- Unfortunately, everything is black and white in the public sector. Especially, if someone shines a light into your affairs.
- Unfortunately, everything is black and white in the public sector. Especially, if someone shines a light into your affairs.
This is equally alarming. Rules exist for a reason. Also why Private Sector Development & Competitiveness Experts identify Regulatory Burden as a major impediment to Investment Climate.
- Want to capitalize on the writ of the state? Conform. https://twitter.com/kayzafar/status/1275863718795059201?s=19
- Want to capitalize on the writ of the state? Conform. https://twitter.com/kayzafar/status/1275863718795059201?s=19
For context:
https://profit.pakistantoday.com.pk/2020/06/25/subsidiary-company-to-pms-digital-pakistan-initiative-at-center-of-controversy/
THE CONFLICT OF INTEREST IS CLEAR.
https://profit.pakistantoday.com.pk/2020/06/25/subsidiary-company-to-pms-digital-pakistan-initiative-at-center-of-controversy/
THE CONFLICT OF INTEREST IS CLEAR.
Putting someone on TV knowing fully that she isn't well versed with Rules of Business & isn't experienced with Public Sector in Pakistan is also a mistake.
- I reiterate, this will only create problems for HER and -vely impact the good work she is doing https://twitter.com/omar_quraishi/status/1275857984527179780?s=09
- I reiterate, this will only create problems for HER and -vely impact the good work she is doing https://twitter.com/omar_quraishi/status/1275857984527179780?s=09
