PNET meaning in Computing ?

In Internet networking, a private network is a computer network that uses a private address space of IP addresses. These addresses are commonly used for local area networks (LANs) in residential, office, and enterprise environments. Both the IPv4 and the IPv6 specifications define private IP address ranges.

Private network addresses are not allocated to any specific organization. Anyone may use these addresses without approval from regional or local Internet registries. Private IP address spaces were originally defined to assist in delaying IPv4 address exhaustion. IP packets originating from or addressed to a private IP address cannot be routed through the public Internet.