Oh dear not enough money to be generated to share around, how incompetent this govt is rather than improving state institution they think selling is the answer. This is why IK is fighting to save family silver and deliver justice to those who can't afford favours. I believe with Allah Subhana-hu-wa-Ta'aalaa's help this movement will succeed IK is only one element in that. Here is reason why I believe in this; 1st time in my life never in past that I have ever been involved in politics or supported any party: I for one had been compelled to make anonymous donation for this cause I shall Insah-Allah will continue to support this cause for the sake of those people who are unable to buy favours. Finally just to annoy this minister and his supporters whilst in casual conversation with friends, have been told that they are donating and encouraging others as well.

So this has effectively killed off the privatization process in the country. We can say goodbye to foreign advisors and investors showing interest in the country. Government would never have been able to sell these shares at such a low discount due to the slump in global oil prices and the increase in overall country risk which had been magnified by political and employee union pressures. Under the fear of political backlash, they set a very optimistic price, which failed to generate the necessary demand. The investors are not stupid to take such a high exposure to Pakistan where the country risk is extremely high and there is a global slump in this sector. Scrapping of this transaction means that the future privatizations will also be put on hold.

@M Arshad There is plenty of money in OGDCL, the delay is more likely to do with the recent fall in the price of oil, and subsequently fall in share prices for all major oil stocks. The process of privatisation will continue no matter who is in power, its important for the future development of Pakistan that the privatisation continues and accelerates. The governments job is to govern a country, not to run businesses, you need to learn why this has happened in the west, nationalisation has been tried and failed before, just take a look at what bhutto tried.

The divestment, along with other economic reforms, has been delayed The divestment is NOT scrapped But only postponed in view of low oil prices in the international oil market. There is a fear that these prices will remain suppressed for some time. Under these circumstances it is a wise decision to postpone the off-loading of shares to fetch higher price in future.

Some sanity has prevailed in Cabinet. Selling OGDCL is criminal. No country sells a national oil company. Selling OGDCL shares at a discount to filthy rich is absurd. Who are these rich people? Still a secret. Who are these 6 companies in US to who shares are being sold still a mystery. Obviously, family.

It is a good news. The government is trying to sell off national assets to its cronies to pay for its out of control expenditure. What we need is professional management in all state-owned companies and get rid of all political appointees from top to bottom. These companies can become our pride and will lay golden eggs if politicians stop messing with these companies.

Be careful guys, one of my friend said Pakistani share market is very dodgy, he said Indian famous Arshad Mehata like scams are considered normal in Pak. If you are a middle class person, very careful, you might lose all your money.

Reasons for delay is not declared to save the democracy, constitution and prevailing laws of the country

@Akram Dear friend, the argument that Governments should not be involved in running businesses appears to be solid. However, we also have the example of china where the Govt. is involved in running huge enterprises with great success (our next door neighbour's economic success, while much praised by the west, pales in comparison to china). I know there are people who would say that Chinese model lacks transparency but let us look at the end result. China's economy is booming. There is prosperity all around and common Chinese is happy. Yes, the Govt. is unforgiving when it comes to corruption. Corruption is a huge issue in Pakistan. I believe that corruption combined with political patronage are main reasons for the failure of state enterprises in Pakistan. So if these two issues can be taken care of then states snterprises can still be run profitably. Handing them over to private ownership would inevitably lead to greed and profiteering at the expense of ordinary citizen. I am not suggesting by any stretch of the imagination that all businesses should be run by the Govt. Finally, I must say that there are many other factors that must be considered in deciding whether privatization is the only way forward. Just as an example, poultry and meat production with only commercial interest of the owners/industrialists has played havoc with the heath of consumers. I do not need to remind knowledgeable readers what effect the consumption of poultry and meat is having on consumers' health. Obesity, cancer and a whole lot of modern day ailments are the consequence of greed exhibited by private ownership of food industry. I can go on and on but the space here does not permit me to do that. These are just my thoughts. I would like to invite other readers to share their their opinion on this matter.

Good Job!!!...Better is to postpone it for ever...at last sanity prevailed...

This is nothing but panned loot from a state sale