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Friday April 26, 2024

Institutional collapse

The institutional collapse – either by design or gross mismanagement – of state-owned enterprises and institutions like the PCB, the PHF, etc, would qualify for a study titled ‘From first to worst’. The generosity of our billionaire politicians and autocratic dictators while appointing their cronies to head state-owned enterprises is

By our correspondents
April 28, 2015
The institutional collapse – either by design or gross mismanagement – of state-owned enterprises and institutions like the PCB, the PHF, etc, would qualify for a study titled ‘From first to worst’. The generosity of our billionaire politicians and autocratic dictators while appointing their cronies to head state-owned enterprises is confined only to taxpayer-funded institutions and not to appointments in their ever expanding business empires. Even in the choice of ambassadors to key foreign countries personal loyalty overrides national security concerns.
Our humiliating 3-0 whitewash by the Bangladeshi cricket team is a consequence of years of abuse of the PCB by successive governments. Cricket – once a passion for most Pakistanis – is no longer an avenue that offers them relief. On the contrary, it has become a source of depression. Pakistan, which was among the top cricket playing nations, today stands at the bottom. Similarly, once profitable corporations like PIA, Ogra, the CAA, the PSM, etc, were deliberately driven to technical insolvency by appointing men with a history of financial impropriety.
Malik Tariq
Lahore