Privatisation makes sense especially for a corrupt society like Pakistan.
People only truly put their 100% into something they directly benefit off. (In this example owning the company) This forces them to implement meritocratic practises if they want their company to not only survive but also thrive in a competitive environment.
It also forces productivity in the workers to meet standards and requirements.
Pakistanis are a race that require the stick to work at full efficiency, government controlled institutions with tax money are not suitable. Only private sector which forces people to meet standards and do their job works.
Too much nationalisation in Pakistan will lead to inefficiency and productivity due to the socioculture of its people. Maybe after some decades/generations of this system people will begin to value meritocracy, and stand against nepotism and corruption as a society.
Government should really only control things related to security and public education. In reality all it really needs to is regulate the market and apply certain measures.
Like schools must do X, healthcare must follow X.
@FuturePAF