CPP opposes continuation of privatisation policy

Communist Party of Pakistan (CPP) has opposed the continuation of privatisation policy, which according to it was in violation of the philosophy of Quaid-e-Awam Zulfikar Ali Bhutto and said that every Pakistani must be having a sense of satisfaction on assuming of power by the largest political party of Pakistan, after almost a decade of military dictatorship.
Masses of Pakistan expect adoption of pro-people policies in all fields by the civilian government. In an open letter to President Asif Ali Zardari, CPP spokesman said that the process of selling of national assets, in the name of privatisation, has been continuing in Pakistan since early nineties. During this process a number of industries have been sold away at a price much lower than the actual one, as is evident from Pakistan Steel Mill case.
Many industrial units, earning huge profits, have also been sold out at throwaway prices and many such deals are under government's active consideration. OGDCL is earning a yearly profit of Rs 40 billion. 70 percent production of OGDCL is based on Qadir Pur gas fields and plant. Its daily production is 550 million standard cubic feet and 1,000 barrels of oil.
Privatisation Commission of Pakistan intends to privatise these national assets. This privatisation is likely to create a crisis, just like a power crisis, in near future. It will also render thousands of workers jobless. The remedy of privatisation, prescribed by international monetary institutions for under pressure economies has been disproved by recent crisis of capitalist world.
The developed economies have resorted to nationalisation to solve the problem. Communist Party of Pakistan appeals to the government to reconsider the decision of denationalisation of the profit earning national assets. CPP also appeals to reconsider the whole program of privatisation in the light of prevailing international economic scenario, as in many countries the nationalisation process has been reinitiated. The CPP said that reconsidering will be in the best interests of people of Pakistan.