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.
PPP chairman says "sack Imran not workers,"; industries minister blames PPP govt for destroying Pakistan Steel Mills.
www.dawn.com
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
