Privatization cannot take place without provinces’ permission, states Rabbani

KARACHI: Pakistan Peoples Party (PPP) Senator Raza Rabbani has said that that a letter has been sent to all the four Chief Ministers that privatization cannot take place without the permission of all the provinces, ARY News reports.

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PPP Senator said that the national institutions will not be allowed to be sold to foreigners and investors. He also said that the Council of Common Interest has to agree for the privitization process and the federal government alone cannot privatize any institution as per the constitution.

“The institutions are being privatized to fulfill the conditions set by the International Monetary Fund (IMF). If the state institutes are privatized the poor will suffer”, Rabbani added.

It should be noted that the federal government has come under fire for the ongoing privatization planning.

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