The cabinet has approved an ordinance through which Pakistan will be able to sell stakes in its National assets to other countries. The approval comes as there is an urgent and dire need for the country to gather money to avoid facing a default. The ordinance will bypass all the lengthy procedures which were required in the past.
The Inter-Governmental Transactions Ordinance 2022
Provincial Governments Lose Their Say
This ordinance has empowered the center to issue binding instructions to the Provincial Governments for land acquisition. This has been done to speed up the process as the center removes a hurdle, (Provincial Governments) in its path for the swift sale of national assets.
Power to issue binding instructions.– (1) The federal government may issue appropriate directions to a provincial government, local government, agency, or authority concerned to implement the objective of the inter-governmental commercial transaction including land acquisition, rehabilitation, and re-settlement, provision of utility services, construction of approach roads to the main highways and such other activities of similar nature. A direction issued under sub-section (1) shall be binding.
The Courts Are Barred from Acting On Petitions
As per the ordinance, the government has barred courts to not entertaining any petition which would be raised against the sale of any of the national assets to foreign companies & countries. This takes away the right of anyone who wants to revoke the decision to sell a national asset. The government has made itself the only deciding party in this.
Bar of jurisdiction. – No court shall entertain an application, petition, or suit against any process or act undertaken or done, intended or purported to be undertaken or done under this ordinance.
(2) No court shall grant an injunction or entertain any application for an injunction against any process undertaken, intended, or purported to be undertaken for a commercial transaction or agreement under this ordinance.