Family silver for sale: PPP against OGDCL sell-off, says Rabbani
Rabbani alleged the govt intends to appease the IMF to qualify for the next tranche of the fund
KARACHI:
Pakistan Peoples Party (PPP) will resist privatisation of 69 state owned units, including Oil and gas Development Company Limited (OGDCL), by the federal government, PPP Senator Mian Raza Rabbani said on Wednesday.
“OGDCL sell-off is against the constitution,” he said pointing out that the provinces have 50% stake in the company.
Published in The Express Tribune, November 6th, 2014.
Pakistan Peoples Party (PPP) will resist privatisation of 69 state owned units, including Oil and gas Development Company Limited (OGDCL), by the federal government, PPP Senator Mian Raza Rabbani said on Wednesday.
“We will stand with the workers of OGDCL, if they take to the streets against the government,” Rabbani announced at a press conference.
“PPP will not support privatisation of any unit,” he said flanked by Senator Saeed Ghani and other party leaders at PPP Media Cell.
Rabbani alleged the government intends to appease the International Monetary Fund (IMF) to qualify for the next tranche of the fund.
He pointed out that past governments justified privatisation of loss-making units. “The OGDCL is a profit-making unit. It produces 55% of local oil and 28% of gas,” he highlighted.
“OGDCL sell-off is against the constitution,” he said pointing out that the provinces have 50% stake in the company.
Published in The Express Tribune, November 6th, 2014.