The parliamentary Finance Committee has asked the government to make arrangements to provide Nepal Telecom’s shares on concessional and priority basis to its customers and ex-employees.

Amid growing public criticism over ‘undue favoritism’ by the NT towards its employees, the Committee had sought explanation from the NT and the Ministry of Information and Communication, on Monday.

The NT is currently selling 7.5 million shares to general public at Rs 600 per share while it has promised the shares at Rs 90 to its employees. Besides, the general public will need to quote higher prices (above Rs 600/share) to heighten their chance of getting the shares.

After the meeting at the Finance Committee, Secretary at the Ministry of Information and Communication, Yubaraj Pandey, said that the government will abide by its directives by making ‘new arrangements.’

Reports say that the NT has also submitted a proposal at the Finance Ministry seeking to provide shares on priority basis to its customers and ex-employees. nepalnews.com sd Feb 03 08