This letter refers to the article ‘White elephants’ (April 14, 2024) by Dr Farrukh Saleem. Had we been able to stop political meddling in these so-called white elephants, we likely would not have been forced into privatizing them. If we had stopped the killing of merit and the hiring of unqualified people, state ownership of these important organizations might still be viable. Instead we either did nothing or, when we did try to make things better, the reforms were stalled and never fully implemented. Now, it appears to be too late. Privatization is the only solution left and it is a very common economic practice worldwide. The countries that have adopted this approach have, in many cases, not only managed to restore the financial health of former state enterprises but have even managed to end up creating more jobs for the people. Those criticizing this step as compromising our sovereignty are only holding the country back. We should move on.
Anas A Khan
Edmonton
Canada
The inefficient drainage system in Karachi results in frequent flooding, causing inconvenience and safety hazards for...
There are so many bright students in Pakistan but most are unable to complete their studies due to financial...
Pakistan finds itself ensnared in a dire energy crisis, casting a shadow over its economy and the daily lives of its...
This letter refers to the article ‘How democracy was derailed by Asad Umar. Our elections tend to leave many, if...
According to the interior minister, Lesco alone overbilled customers by an estimated 830 million electricity units. In...
With every passing year, the ferocity of natural disasters in Pakistan appears to be on the rise. This is, in my view,...