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Privatization

98 0
10.03.2024

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 public debt hurtles towards a staggering Rs80 trillion. In this critical juncture, the government confronts an undeniable reality: privatization is not merely an option but the sole viable path forward. It stands as an unavoidable imperative, a resolute necessity dictated by the exigencies of the moment. The decision to privatize transcends mere preference; it now embodies an urgent call to action. Here's an insight into the unfolding dynamics:

Electricity distribution companies: The 10 distribution companies (DISCOs), that are responsible for the distribution of electricity to different regions across the country, end up losing Rs600 billion a year, every year. This persistent drain........

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