A day after the federal cabinet approved the ordinance related to the sale of national assets to overcome the economic crisis facing the country, Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan opposed the legislation, saying that ‘Thieves’ should not be allowed to sell assets.
On his Twitter account, the former prime minister said that the change in the leadership of the crime minister, including Zardari, whose family has been written on the corruption of many books, was brought about by an American conspiracy. How can one be trusted in the matter of selling national assets while keeping them? According to the report of Dawn newspaper, Imran Khan said that these people have been looting Pakistan for the last 30 years and are responsible for the current economic situation.
Imran Khan said that these thieves are trying to sell our national assets, they should not be allowed to do so, the nation will never trust them in the matter of their national assets.
The former prime minister’s remarks came a day after the federal cabinet approved a law proposed by the Cabinet Committee on Intergovernmental Commercial Transactions that would allow oil and gas companies and government-owned power plants in the UAE to (UAE), Saudi Arabia, Qatar and other countries will be sold. According to the ordinance, the courts will not be able to hear applications against the sale of assets and shares of state-owned companies to foreign countries. rejected that the proposed law would allow the government to sell any of the country’s assets without following due process.
Sources further said that no assets will be sold without Cabinet approval. Defending the proposed legislation, sources said that apart from one agreement, Pakistan has signed five agreements with Saudi Arabia, United Arab Emirates and Qatar. Not a single deal was signed in the year because foreign states were not ready to invest through the Privatization Commission. Under the proposed law, foreign states would be able to invest directly in public enterprises, thereby improving the management of these institutions. , as the said States shall bring in effective arrangements for the running of these institutions.
According to the documents, the proposed law will provide a mechanism for trade transactions under the Intergovernmental Framework Agreement to attract and encourage foreign states to develop economic and trade relations with Pakistan. .
The document added that the scope of the law will be extended to all ‘commercial transactions’ including sale, purchase, investment, investment, procurement, licensing, lease, joint ventures, assignments, concessions, service contracts, management. Includes contracts or other government-to-government deals or commercial agreements.