Privatisation push |
ONE swallow does not make a summer. Does it? The sale of PIA has fetched the government much praise — if not much cash. Simultaneously, it has stirred hopes that the first major privatisation in more than two decades would pave the way for the disinvestment of the other white elephants, sooner than later.
Many expect the transaction to help revive investor confidence, with foreign private parties potentially lining up to invest in the country or acquire other loss-making state assets on the chopping block. Indeed, PIA’s sale makes a strong case for the government to forge ahead with its privatisation agenda, while taking advantage of the feel-good sentiment this transaction has sparked.
For Pakistan,........