As per news, Pakistan Still Mills (PSM) has asked for Rs 12 billion bailout package for its revival. At present it is running into losses which are more than Rs 120 billion, and is producing only 18% of its capacity. The economic situation of the country is getting bleaker due to poor governance and corruption. Will this bailout money take the PSM on the road of progress? Of course not.
As is happening in other departments, this amount will also be wasted because pouring into bottomless pits never yields results. The progress is achieved by following policies ruthlessly without self and party interests Here we are seeing the race of ruining the institutions. Examples of Railway, PIA, WAPDA, KESC, and Gas companies are a few to be quoted.
Our industry has almost crippled due to shortage of electricity, gas and corruption and agriculture has been destroyed either by shortage of water or by natural calamities like floods. The way forward is making long term policies and eliminating political interference.
Reportedly, there are thousands of extra political workers who have been employed in these organisations; how can they be expected to be profit-making enterprises? It’s time for all the political parties to rise above their petty interests and serve the nation. The drum beat of democracy should not be used for exploitation, looting and plundering but for the welfare of the common people.
Bilal Shahid
Lahore
