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Baloch unrest holds Pakistan?s privatisation plans hostage - Daily Times

KARACHI: A deteriorating Security situation in Pakistan’s mineral-rich province of Balochistan could hamper upcoming privatisation Sales involving energy companies, analysts said after a fresh bout of violence flared in the region. The government plans to sell 51 percent stakes in Pakistan Petroleum Ltd (PPL), Sui Northern Gas Pipelines Ltd. (SNGPL) and Sui Southern Gas Co. Ltd. (SSGC) “All the three companies have significant exposure in the province, and I don’t think any investor will come till the time the situation is settled,” said Aqib Elahi, director of research at AKD Securities. On Sunday, 13 people died when a bomb exploded on a bus 60 km outside Quetta, while another eight were killed during a third day of heavy rocket attacks close to gas fields in the southeast of the province. On Tuesday, tribal militants blew up a gas pipeline supplying the US- and British-owned Uch Power plant, according to a senior civil administrator for the Dera Murad Jamali region of Balochistan. It Was the fourth attack on the pipeline in a month. Baloch secessionists and tribal militants have waged a low-level insurgency for decades, but the violence has again escalated over the past year, posing another challenge to President Pervez - More available

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