The Islamabad High Court on Thursday decided that it would determine the maintainability of a petition filed against the divestment of government stake in Oil and Gas Development Company Limited (OGDCL) after hearing respondents in the matter. A single -member bench headed by Justice Athar Minallah on Thursday resumed the hearing of a petition filed by Dr Babur Zahiruddin, an OGDCL shareholder, who pleaded before the court to stop the entire sell-off process of OGDCL shares.
During the course of proceedings, the court turned down the plea of the petitioner who requested the court to issue a stay order. The court issued pre-admission notices to all respondents, including Federation of Pakistan through Secretary Ministry of Petroleum and Natural Resources, Ministry of Finance, Revenue, Economic Affairs, Statistics and Privatisation through its Secretary, Cabinet Secretary Cabinet Division, Inter-Provincial Co-ordination Division through its Secretary, Privatisation Commission through its Chairman, Council of Common Interests through its Chairman (Prime Minister), Oil and Gas Development Company Limited (OGDC) through its Managing Director/Chief Executive Officer and Attorney General of Pakistan in the matte. The court directed them to file replies within two weeks. However, the matter was adjourned for indefinite period of time.
SOURCE: RECORDER REPORT