What's new

70 public sector entities losing about $5 billion per year

Joined
Apr 28, 2014
Messages
807
Reaction score
-1
Country
Pakistan
Location
Pakistan
Lahore - The government is determined to privatise some 70 public sector entities which are losing about Rs 500 billion per year, turning a deaf ear to the opposition's criticism that the plan will render tens of thousands of workers out of jobs.

The Nation
 
The situation is much better as compared to 3-4 years ago when you were losing 500 billion dollars to only top 20 companies.

Some structural reforms has been made, we are incurring less losses as compared to few years ago but still need to do a lot to make them profitable or else sell it.
 
20000 employees for 20 Aircrafts in PIA.. Privatization is a good step for PIA Type of Public sector Companies.. Losing nearly 30 Billion PKR annualy and most of employees are sifarashis... If that is the case in all other 69 Organizations... Privatization is the only way to put them on the right path
 
20000 employees for 20 Aircrafts in PIA.. Privatization is a good step for PIA Type of Public sector Companies.. Losing nearly 30 Billion PKR annualy and most of employees are sifarashis... If that is the case in all other 69 Organizations... Privatization is the only way to put them on the right path
It is good if someone wasnt selling it to their friends and family and building their own empire :unsure:
 
It is good if someone wasnt selling it to their friends and family and building their own empire :unsure:
Yes that is the only problem selling everything to Mian Mansha And Group on scrap rate..
 
well atleast thats a good step.govt wont be losing money but earning.cos they will give taxes.hope this goes well
 
Yes that is the only problem selling everything to Mian Mansha And Group on scrap rate..
are you ready to buy a loss making entity???????
noone wants to buy anything that makes less profit than return rate of 17%. most companies are making a 30% return rate.
we should be glade that the companies get sold to Pakistanis, i will sell them even for scrap provided the buyer promises to just run it without losses....
for example had those companies been sold in 2005 for zero rupees would have allowed us to save(5 billion dollars every year=50 billion dollars) enough money to build 4 dams and thus enabling us to produce all elctricty via hydro or to acheive 100% education.

have you people ever wondered that why debt precessing is single greatest budget entity twice that of defence budget. it sbiggest of loant aken by those companies

do you know that is IMPOSSIBLE to privitze PIA now, why? because it liablites are 300 billion rupees!!! thats is worth a single hydro dam or 30 universities..the only way to privatize PIA will be if govt take those liablites which will add to our ever increasing debt but if we dont do that after 5 years the liablites will be doubled!

the public running companies willl destroy pakistan, period
 
Good, at least government will stop losing $5 billion every year. Imagine if $5 billion are instead spent on development!
this fiscal year govt has only spent 289 billion rupees on developmental projects in june to april period....!! they may end up around 350 -400 billion max for whole year.
 
Back
Top Bottom