Tag Archives: Privatization

  Since beginning of privatization process, the successive governments have successfully sold out a large number of public sector entities and also divested government holdings but a question often arises, why the government is selling its stake in profit making entities and still holding loss making entities? There will always be buyers for good performing entities, which are also a major source of income for the government. Top of the …

  In June of this year, the foreign direct investment fell drastically over the past 6 years with economists seeing a weak forecast for future investments in Pakistan due to the increased security issues the country is being facing. The investments coming into the country come in the form of Greenfield investment. According to economists, due to the recent security concerns, foreign investors feel hesitant to either freeze or continue …

  Certainly, it is not the business of the state to do business. It is the private sector, which has to run the businesses under the patronage and facilitation of the government. The government should only play the role of regulator and facilitator of corporate businesses. Since 1990, the country sold off 167 SOEs. During 1997-2000, the complete denationalization of the banking sector was carried out. A privatization program was …

  Certainly, it is not the business of the state to do business. It is the private sector, which has to run the businesses under the patronage and facilitation of the government. The government should only play the role of regulator and facilitator of corporate businesses. Since 1990, the country sold off 167 SOEs. During 1997-2000, the complete denationalization of the banking sector was carried out. A privatization program was …

  Pakistan is presently going through process of rapid economic development, which includes privatization of major government corporations, aimed at attracting foreign investment and lessening budget deficit. In 2014, foreign currency reserves crossed $15 billion mark, which has led to steady lookout on the long-term rating. External debt in Pakistan remained unchanged at $64,338 million in the fourth quarter of 2014. External debt in Pakistan averaged $49,246.37 million from 2002 …

  As the present government is much focused on privatization, Privatization Commission headed by Zubair Umar has short-listed 31 institutions to be privatized. According to chairman PC, the privatization process is absolutely on and financial advisers are performing their job, whether it is the Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM), National Power Construction Company (NPCC) or power distribution companies like Iesco and Fesco. Last year, the government completed …

  Management protects employees’ rights The resilience and hard work of employees of all ranks of MCB Bank Limited have proved that privatization has brought a paradigm shift in services, infrastructure, technology and contribution to national exchequer while increase in number of satisfied customers is also a testimony in this regard, Riafat Khan Jadoon, President MCB staff union said. Millions of households also progressed with the successful privatization of MCB. …