The Karachi Electric Supply Company (KESC) is going to challenge the reinstatement of over 4000 employee in the court. These employees, the company says, are non-core staff and burden on the KESC. The government is considering political fall out rather than foreign investors interest.
The KESC management had to reinstate them under the government pressure. The MQM chief addressed the reinstated employee to take credit of their reinstatement, forgetting what message was being sent to the foreign investors and to the present management of the KESC, which has invested US$ 300 million to improve the infrastructure of this organisation.
The question is why the government privatised the KESC in the first place. Our politicians dont understand that in free markets, the investors are not in the business of creating jobs, it is the governments responsibility to generate jobs. The investors are only interested in making profit and huge return on their investments. The government must know that without foreign direct investment the countrys economy cannot improve, and new jobs will not be created. The problem is already compounded due to bad governance.
S T HUSSAIN
Lahore
