Communist Party of Pakistan was formed in 1948 at Kolkata (Calcutta) congress of CPI. It is Marxist Leninist cadre party. It was banned in 1954 since then it worked underground until 1986, meanwhile its two senior comrades comrade Hasan Nasir and Comrade, Nazeer Abbasi were brutally murdered by the successive army regimes. The party has had seven congresses under ground and over ground. Its political organ is Surkh Parcham (Red Flag). Its present Secretary General is comrade Chacha Moula Bux. It is struggling for the people’s democratic revolution as the first stage to achieve socialism.
Every Pakistani must be having a sense of satisfaction on assuming of power by the largest political party of Pakistan, after almost a decade of military dictatorship. Masses of Pakistan expect adoption of pro people policies in all fields by the civilian government. The process of selling of national assets, in the name of privatization, has been continuing in Pakistan since early nineties. During this process a number of industries have been sold away at a price much lower than the actual ones, as is evident from Pakistan Steel Mill case.
Many industrial units, earning huge profits, have also been sold out at throwaway prices and many such deals are under government’s active consideration. OGDCL is earning an yearly profit of 40 billion rupees. 70% production of OGDCL is based on Qadir Pur gas fields and plant. Its daily production is 550 million standard cubic feet and one thousand barrels of oil.
Privatization Commission of Pakistan intents to privatize these national. This privatization is likely to create a crisis, just like a power crisis, in near future. It will also render thousands of workers jobless. The remedy of privatization, prescribed by international monetary institutions for under pressure economies has been disproved by recent crisis of capitalist world.
The developed economies have restored to nationalization to solve the problem. Communist Party of Pakistan appeals to reconsider this decision of denationalization of these profit earning national assets. CPP also appeals to rethink the whole program of privatization in the light of prevailing international economic scenario, as in many countries the nationalization process has been reinitiated. This rethinking will be in the best interests of people of Pakistan.