Pakistan Industrial and Traders Associations Front (PIAF) has urged government to evolve a mechanism to privatise all public sector enterprises that are generating a loss of billions of rupees annually. In a statement issued here Tuesday, PIAF Chairman Engineer Sohail Lashari said corruption and mismanagement have destroyed the public sector enterprises that were once shining stars and pride of the nation. He said their privatisation would not only help the government in getting rid of huge losses but would also strengthen the government’s revenue position.
