SC seeks report from OGDC regarding purchase of BP assets

ISLAMABAD The Supreme Court on Wednesday directed the Ministry of Petroleum, Oil and Gas Development Corporation (OGDC) to submit paragraph-wise comments regarding purchase of British Petroleum Company assets on exorbitant price. A three-member bench headed by Chief Justice Iftikhar Mohammad Chaudhary and comprising Justice Tariq Pervaiz and Justice Ghulam Rabbani was hearing the petition of Former Ameer Jamaat-e-Islami Qazi Hussain Ahmed. Syed Hasnain Qazmi, counsel for Qazi Hussain, informed the court that the Government earlier sold BP assets at very low rate but now buying the same assets at a high price, thus causing loss of $800 million to the national exchequer. He added that the Government was also purchasing these assets with loan and mentioned that both parties have signed a contract regarding this secretly. After hearing the arguments, the court observed that this is an important matter and it would examine it. The court directed the respondents to submit paragraph-wise comments till November 22. Meanwhile, the same bench adjourned the election matter of Federal Minister for Tourism Atta-ur-Rehman. Habibullah Kundi and Engineer Dawar Kundi have challenged the election of the federal minister. According to them, Atta-ur-Rehman was declared successful candidate of National Assembly on unofficial results.

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