PEC directors for fresh summary on project

Published November 3, 2008

LAHORE, Nov 2: The Punjab Entertainment Company board of directors, which has met for the first time under the PML-N government, has brushed aside the opinion of ‘hawks’ among the regime to bury it with all its projects, mainly the IMAX theatre, without caring for legal and financial implications.

The board had met on Oct 18 and its minutes have been approved by its chairman, Sami Saeed, who also heads the Planning and Development department. The board considered the decision by Chief Minister Shahbaz Sharif to build a public library and non-commercial IMAX theatre, and the opinion of a policy committee to do without the project.

Instead of taking any decision, it asked the information secretary -- who was made the company’s managing director -- to submit another summary to the chief minister mentioning his earlier decision and the committee opinion, and seek directions. The board asked the managing director to hire a corporate lawyer to provide opinion on legal obligations of the company, constraints in procuring delivery of the IMAX theatre equipment, and the manufacturing firm’s point of view. — Staff Reporter