OGDCL sell-off opposed

World News

Islamabad: Describing the administration's plans to privatise Oil and Gas Development Company Ltd as a "scheme" against the nation, the General Body Meeting of Ogdcl's Officer Association on Monday declared to oppose the organization's privatisation. The determination passed at the gathering said the association's privatisation
might be guarded in the national investment. Tending to the gathering, Ogdcl Officers Association President Jahangaiz Khan said the organization posted a benefit after-duty of Rs90.77 billion on net offers of Rs223.36bn throughout the last financial year, and paid Rs55bn in assessments to the national exchequer. He included that under these circumstances the privatisation of this national possession is little more than a part of worldwide scheme. Speakers at the gathering said the administration may as well just privatise the misfortune making state-possessed undertakings (Soes), and not the firms with an asset report as the Ogdcl's. It was highlighted that after the offer of 26 for every penny imparts of Ogdcl the administration was set to movement managerial organization's issues in private hands. "This is part of an universal scheme," Jahangaiz Khan said, including, "The arrangement was to get control on oil and gas store and push the Muslims to backwardness and debasement." Other office-bearers said that the present vote based government had ready an arrangement to privatise all major Soes, and term