Privatisation of ‘precious assets’ opposed

ISLAMABAD: Head of Infrastructure Project Development Facility (IPDF), Ghulam Murtaza Satti has called for doing away with the practice of privatisation of state-owned assets.

He said, in a statement on Tuesday, that state-owned entities were being sold out at throwaway prices in utter disregard to the interest and aspirations of the people. “Selling these precious assets at negligible prices is an act of excess being committee  towards the people and we should join hands to stop this ill-conceived privatisation of valuable state units,” he added.

Satti said leading international economists had publicly decried the concept of privatisation.

Published in The Express Tribune, February 9^th, 2011.