More than one month has gone now and still investors are waiting for the balloting results of OGDCL shares. In the first week of January 2007 the Privatisation Commission invited shares applications.
In response many people applied for shares. The price of minimum 500 shares was more than fifty thousands inclusive of premium. According to the Privatisation Commission's statement issued after the closing date the response was very good from both the local and foreign investors.
Next step was to conduct computerised balloting for the successful applicants in case of over subscription. Unfortunately applicants are still waiting for it. What message the concerned authorities want to give to investors? How can they trust or how will they take interest in the next bid of the Privatisation Commission. We hope that the concerned authorities will take notice of it.