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| Demonstration against the privatisation of Pak-Saudi Fertilisers |
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| Written by Sadaf Zahra | |||
| Wednesday, 05 April 2006 07:24 | |||
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The PTUDC Rawalpindi organised a demonstration to protest
against the scandalous privatisation of the Pak-Saudi Fertiliser plant.
Pak-Saudi Fertilisers, which earned Rs 7 billion from 1996 to 2002, was disposed of for Rs 4 billion in the name of privatisation. The fertiliser plant was installed at a cost of Rs 20 billion but now the construction of such a unit would be arround Rs 50 billion. The fate of PSF would be parallel to that of Pak-China Fertilisers. This unit was bought by the Schon Group and now it was closed. PTUDC Rawalpindi organised a demonstration against privatization of Pak-Saudi Fertilisers in front of Rawalpindi-Islamabad Press Club on March 28, 2002. Demonstrators chanted slogans against privatisation, down-sizing, cuts in wages, inflation and capitalist system.
Report by Sadaf Zahra
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