tbh the most egregious thing about the military-run businesses isn't that they're owned by the military, but that they're managed by the military.Hence maybe the current “systems” serves everyone in the elite circle - all playing a “you scratch my back I scratch yours”
With the resources at their disposal, they should be pushing billions in dollars of exports -- e.g., a subsidiary of FWO can compete for overseas construction contracts and, in turn, source the materials from Pakistan.
Ditto for HIT, POF, PAC, etc.
We basically need the generals to delegate the management of these entities to proven business experts. I'm not saying we should pick up some random guy in Pakistan to do the work (and, sadly enough, that happens).
Rather, Fauji Foundation et. al can tap into tier-1 Pakistani talent from overseas to nurture these entities into huge multi-national conglomerates that can basically drive Pakistan's economy to prosperity.
I think the Turkish model is an interesting start. Their Fauji Foundation equivalent is owned by the Army, but the generals sit as a board of directors. They delegate the management to experts (including engineers and scientists) who, in turn, have grown these entities into giants.
E.g., Turkey's Fauji Foundation now owns British Steel. Not only that, but their Fauji Foundation is also an investor of TAI, which is hiring 3,000 engineers for the TFX. In turn, the TFX is creating an ecosystem that'll create 10,000+ high-tech sector jobs. So yea the elite in Turkey benefit most from the pie, but they're making a giant pie and are inviting more people to enjoy it.
OTOH, in Pakistan, we're in a situation where the nihari goes around the table, but when it comes to the awam they only get the oil (and, sadly enough, are content eating that oil).