Privatisation of Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) multi million dollar entities will be finalised by January-February next year. Members of National Assembly Standing Committee on Privatisation was told in a briefing in a meeting held under chairmanship of Malik Bilal Rehman to discuss privatisation of new entities and reports of the action taken on recommendations of the standing sommittee in its last meeting.
Secretary Privatisation Shahid Hussain Raja informed members of the committee that Council of Common Interest (CCI) has already approved of privatisation of three GENCOs and nine DISCOs on 28th April, 2011. Standing Committee has advised the ministry of privatisation to be more careful before the privatisation of said GENCOs and DISCOs since government has faced problems after privatisation of Karachi Electricity Supply Company (KESC).
Committee was also briefed regarding privatisation of Pakistan Mineral Development Corporation (PMDC). The privatisation of PMD was postponed due to denial of fresh approval from the privatisation board. He added CCI has already approved privatisation of PMDC in May, 1997 and August, 2006. However, fresh approval is required in this regard. Committee was informed by federal minister for privatisation about the release of Rs276 million and Rs261 million by ministry of privatisation for flood relief activities during current fiscal year and he admitted that Rs261 million were spent on advertisement campaign of flood relief activities. Committee decided to discuss the said matter later. Standing Committee recommended holding a larger meeting to discuss policy of OGDCL privatisation in the next meeting by calling secretary finance, law and justice and cabinet division will be called in the next meeting of the standing committee.
If OGDCL is privatized that its mean the whole nation is provatized. this is the carporate terrorists agenda to privatise the Muslims countries for their own interests. so IT is requested to unite for condemn the privatization process
f OGDCL is privatized that its mean the whole nation is provatized. this is the carporate terrorists agenda to privatise the Muslims countries assets for their own interests. so IT is requested to unite for condemn the privatization process – See more at: http://www.pakistantoday.mbt.pk/2011/12/02/news/p…. If it is done then the nation will face greate problems. I also requested to the PAK ARMY & Chief Guistice of Pakistan to Protect OGDCL bcz OGDCL is the onlly organization which is profitable. Without OGDCL our ARMY will not be able to fight any enemy during wars day.
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