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Featured Official: Pakistan spends more on defunct state enterprises than it does on defense annually

Jf-17 block 3

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Also Pakistan railways, Pakistan steel mill and other Pakistani institutions have so much land they own and don’t use. We should make small 5 acre farms on those lands and give them to poor families for rent. Small farms are very profitable and give them modern agriculture technology they can easily make at least $10k USD per acre. That way local families can earn lots of money and Pakistan government can charge them rent for those farms and make money.
 

Osman Devlat

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People like to complain about how the government spends billions a year on defense, but hardly anyone talks about how much billions are wasted each year on defunct state owned enterprises. For example, the Pakistan Steel Mills retains 9k employees even though it has stopped operations in 2015. All these employees receive monthly salary from the government.

The same is happening with PIA and Pakistan Railways. Overwhelming majority of Pakistan’s state owned enterprises are in financial ruins.

Yet, rather than resolve this massive bottleneck which is plunging the country into deeper crisis, people often bark at convenient and politically charged issues such as the military budget, which is smaller than what Pakistan spends on these defunct enterprises.

Imagine how different Pakistan would be if it spend the >10-billion USD annually on education, healthcare, research and transportation for the past 5-years? Yet, these massive amounts were spent on nonfunctioning government enterprises.

Pakistan doesn’t have economic challenges, it has management problems.




The state needs to get out of the business of running airline companies, steel Mills, trains etc. These are things the private sector can do in a much efficient and productive manner.

@Bilal Khan (Quwa) @Trailer23 @JamD
Why do not we write a letter to the defense ministry and ask them to do something about, because the Government will not do anything, as well all know
 

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