Court allows Attock Group to bid for PSO

KARACHI — Sindh High Court yesterday rejected the Privatisation Commission's decision to bar Attock Group of Companies from bidding for Pakistan State Oil privatisation and ordered the Privatisation Commission that the group should be allowed to compete in the bidding.

By Rehan Siddiqui (Our Correspondent)

Published: Sat 7 Apr 2007, 8:43 AM

Last updated: Sat 4 Apr 2015, 9:03 PM

The court also ordered both the parties — Privatisation Commission and Attock Group of Companies — to appear before the court on April 11 for further hearing.

The court decision came after the Attock Group of Companies filed a petition in the court against Privatisation Commission's decision which they claimed was based on mala-fide intentions and pleading the court seeking justice.

Privatisation Commission on Thursday announced that it was disqualifying Attock Group of Companies from participation in privatisation of PSO and extended the date of bidding by two weeks from May 5 to 19.

The court decision is likely to further delay the bidding process as Privatisation Commission, according to sources, would appeal against the court's verdict. The decision to bar Attock Group of Companies was taken in according with Privatisation Commission laws, rules, regulations and procedures and keeping in view the guidelines contained in the judgment of the Supreme Court of Pakistan in the Pakistan Steel Mill case.

More news from Business