
In more than 14 months since this commitment was given, the government has not made giant strides. The privatisation plan has hit snags on numerous occasions in courts, with certain quarters being of the opinion that as the OGDC is a common property of the federation and the provinces, the federal government alone cannot take the decision to privatise it. The unpopularity of the decision to privatise has clearly unsettled investors, who were unwilling to risk huge amounts in even a profitable entity like the OGDC. Failing to conduct privatisation smoothly goes to show how weak the ruling party is at the moment. While the investment climate may have improved slightly, the government has had to tip-toe to take even the smallest of steps forward. It formed a Tax Reforms Commission, decreased PIA’s losses and even conducted the spectrum auction. But given the history as to how employees are treated after privatisation and the PML-N’s current popularity graph, it was easy to create an atmosphere that made the OGDC’s privatisation a contentious issue.
Published in The Express Tribune, November 12th, 2014.
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