Petroleum Ministry Refutes Press Report on Delay in PSO Sell-Off

Islamabad the October 14, 2002.

The spokesman of the Ministry of Petroleum and Natural Resources has contradicted the news item appearing in the section of Press titled " Ministry opposed to PSO Sell-off' and termed it totally baseless, incorrect, misleading and unfounded.

The spokesman, while clarifying the position, said that the news appeared to be motivated by some vested interests. The process of Privatisation is on track as per plan and the Ministry of Petroleum and Natural Resources fully supports the efforts of the Privatisation Commission in this regard, he added.