In a notable development, the National Electric Power Regulatory Authority (Nepra) has issued 20-year supplier licenses to seven state-owned power utility companies, collectively known as distribution companies (DISCOs). This decision…
The PIA privatisation efforts are back, and the chances of the deal moving forward this time are high. The previous round was spearheaded by the political leadership of the ruling…
Heads should roll in the aftermath of the fiasco of the Thursday bidding of Pakistan International Airlines (PIA) as there were ample prior indications that an extremely embarrassing failure awaited…
Privatisation has long been touted as a catalyst for economic growth, and for good reason. By introducing private sector expertise and investment into previously state-controlled industries, privatisation can unlock efficiencies,…
WHEN I wrote my columns on the six pillars for growth, people pointed out areas I had missed, including privatisation of state-owned enterprises. Since most SOEs lose money, I thought this…
A COMMON refrain of donors is that Pakistan needs to raise its tax-to-GDP ratio substantially to achieve macroeconomic stability on a sustainable basis. It has earlier been argued in these…
THE caretaker government and the Privatisation Minister Fawad Hasan Fawad are trying to privatise some state-owned enterprises, particularly PIA. Mr Fawad, possibly the most competent bureaucrat of his generation, was persecuted by…
As Pakistan grapples with economic instability and rising electricity prices, many voices call for the immediate privatisation of government-owned electricity distribution companies (DISCOs). These advocates argue that privatisation is the…
Pakistan’s economy is confronting numerous challenges like fiscal deficits, low savings, limited investment, low foreign exchange reserves, economic uncertainty, and rising external debt, expected to reach about $131.159 billion at…
As Pakistan International Airlines Corporation (PIA) faces the prospect of privatization, it is imperative to examine global precedents for lessons and cautionary caveats. The privatization wave that swept across the…
