He said the party recognies Jammu and Kashmir as a political issue, and ever since its advent, it has relentlessly been pursuing its resolution through reconciliation and dialogue, both at internal and external levels.
His statement had set off a political storm in the state.
Around 130 ambassadors, government officials and business leaders attended the event.
The PDP leaders also criticised Drabu and asked him to explain his statement.
"Don't see J&K as a conflict state and a political issue, it is a society which has social issues right now".
The "arrogance" of the minister had led the party workers knocking the doors of Mehbooba Mufti, and two meetings followed after that, one each in Srinagar and Jammu.More news: Indian Wells: Federer, Serena wins; Djokovic loses
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"We want to ask the Chief Minister and the PDP President if Kashmir is not a political issue then why have thousands of people lost their lives and why does the State continue to be mired by instability, violence and lack of peace and normalcy?"
Acknowledging the difficulties in taking the resolution issue speedily forward, he said PDP feels highly perturbed at the obvious lack of urgency in resolving this issue and reiterates its commitment to uphold Party "s stated objectives in which the resolution of the political issue has a paramount importance".
This, however, failed to impress the party leadership, which chose to sack Drabu.The decision was later conveyed to Governor N.N. Vohra.
With Drabu out of the finance ministry, the race for the coveted portfolio began with the chief minister's trusted aide and Works Minister Naeem Akhtar and Education Minister Altaf Bukhari being seen as front-runners.
Reacting to Drabu's removal, Omar said Drabu paid dearly for his statement and it would be interesting to see who replaces him.
The JKLF Chairman said it is this hypocritical attitude Haseeb Drabu like educated people who advocated Freedom through their ideas especially write-ups and articles that are even now available on internet, which invoked thousands of young and old to join freedom struggle and sacrifice their lives for it. Lately, he was considered closer to the alliance partner BJP than the PDP.