111 510 510 libonline@riphah.edu.pk Contact

The privatization enigma

PM Shehbaz Sharif has ordered the authorities concerned to expedite the privatization process of our national airline, PIA. This is not a new story, though. The privatization of loss-makers like…

Privatization

Pakistan's economic engine is sputtering, with growth stagnating at a mere one per cent. The budget deficit, ballooning at Rs8,500 billion, casts a shadow of uncertainty over fiscal stability, while…

Privatization plans

International Financial Institutions (IFIs) persistently prescribe privatization as a panacea for developing countries including Pakistan. But economic reforms and privatization are scary terms in Pakistan. It is worth noting that,…

Privatization?

There’s a bloodbath going on in our so-called Public Sector Enterprises (PSEs). Is there a commercial entity in the world with assets of Rs150 billion and accumulated losses of Rs750…

Time for privatization?

The National Electric Power Regulatory Authority’s (Nepra) recent report on the billing practices of Pakistan’s distribution companies (DISCOs) for July and August 2023 offers a comprehensive and critical examination of…

Privatization plans

When Fawad Hasan Fawad became the caretaker federal minister for privatization on September 12, 2023 and was given the responsibility to look into the privatization of Pakistan International Airlines (PIA),…

A case for strategic privatization

Whenever the economy is in hot waters, selling state-owned enterprises (SOEs) is seen as a key ingredient of the recipe for economic recovery. The IMF, the lender of last resort,…

Streamlining SOE privatization

In my previous piece in the pages (‘Privatize SOEs, please’, April 1), I had endeavoured to establish the need to aggressively and urgently privatize SOEs to save over a trillion…

Privatization is not the answer

Financial pundits have been sharing half-truths to make a case for the neoliberal agenda, especially the privatization of state-owned entities. They distort facts and conceal information that can explain the…

Privatization ordinance

The cabinet has approved the ‘Inter-Governmental Commercial Transactions Ordinance, 2022’ which gives the federal government sweeping powers to privatize state assets. Surprisingly, there is very little public discussion on the…