This is with regards to the news report, ‘Cabinet committee shelves privatisation plan for PSE’s’, published yesterday. Another unwise decision by the economic managers of the country for not privatising eight public sector enterprises, which are on the verge of collapse, is just safeguarding their vested interest. Releasing more money for the revival of these dying institutions is of no use. Government will never be able to rehabilitate these entities on sound footing due to the fact that firstly it is too late and secondly, it cannot manage the industry and trade. It is the job of private sector enterprises, who know how to run organisations, efficiently and profitably.
M Aslam Chaudhry
Lahore
