During a recent court session, the Peshawar High Court issued a critical stay order in response to a petition filed by the Khyber Pakhtunkhwa government.
The order, issued on Friday, effectively halts the planned sale of 322.4 million government shares in the Oil and Gas Development Company Limited (OGDCL) by the Oil and Gas Development Company Limited and the Privatisation Commission. This legal intervention prevents further action regarding the imminent share sale, pending further judicial review.
The Khyber Pakhtunkhwa government’s petition highlights concerns about the transparency and potential impacts of the sale on regional and national interests.
The stay order is a temporary measure to ensure these issues are thoroughly examined and addressed in court before any irreversible decisions are made. This move underscores the judicial system’s role in overseeing significant governmental transactions, ensuring they are conducted within legal and ethical frameworks.
