Pri­vati­sa­tion ques­tions

Enterprise - - Letters -

The aim of pri­vati­sa­tion is to make loss-mak­ing en­ter­prises and util­ity cor­po­ra­tions ef­fi­cient, self-sus­tain­ing and prof­itable. How­ever, the pol­icy is sub­ject to some very im­por­tant con­di­tions. First, the rea­sons these com­pa­nies in­cur losses have to be de­ter­mined. Is it a peren­nial prob­lem or is it a re­cent phe­nom­e­non? Were these cor­po­ra­tions prof­itable? If the an­swer is yes, then can they be turned around by bet­ter man­age­ment? Is the pri­vati­sa­tion process trans­par­ent? Above all, is pri­vati­sa­tion be­ing done by keep­ing na­tional pol­icy ob­jec­tives supreme or are there per­sonal agen­das in­volved?

These are some of the most cru­cial ques­tions to be an­swered. We know that or­gan­i­sa­tions like PIA and the Pak­istan Steel Mills had been prof­itable and ef­fi­cient once. Most pub­lic sec­tor or­gan­i­sa­tions have been ru­ined mainly by bad man­age­ment, politi­ci­sa­tion and ex­ces­sive re­cruit­ments. There is no rea­son why they can­not be turned around once again by bet­ter man­age­ment.

Mukhtar Ahmed,


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