ISLAMABAD - PPP spokesperson Senator Farhatullah Babar, clarifying a report published in The Nation on Friday, has said neither former President Asif Ali Zardari nor Faryal Talpur has any shares in the K-Electric.

He further said it is wrong to allege that Zardari used his powers to manipulate the agreement on K-Electric. The agreement to privatise K-Electric was signed by the government during the days of General Musharraf and its ownership was also transferred to the new owners during that period.

“Those who allege that Zardari manipulated the deal are, in fact, asserting that much before becoming the President, indeed even before the PPP government and during the hostile government of a military dictator, Zardari had some magical powers to manipulate the agreement between the government and a private entity,” Babar stated.

Such an assertion requires no comment as it would amount to offending the intelligence of readers, he concluded.