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Hi,
IK had an agenda---he had a promise---he made a promise---but one thing he did not have are BALLZ---.
He is a very Kind and Kindered spirit---he needs to become ruthless and vicious against the criminals and judges to build the nation up---.
Losses of SOEs exceed defence budget outlay, Senate told
ISLAMABAD: As the controversy over the plan for massive retrenchment in the Pakistan Steel Mills (PSM) echoed in the Senate on Friday, a minister while justifying the decision informed the house that the accumulated losses of the state-owned enterprises (SOEs) had exceeded the annual defence budget outlay.
“The previous visionless, regressive and backward governments that made huge inductions in these [SOEs] are responsible for it,” Minister for Industries Hammad Azhar said during the question hour
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The above is a microcosm of Pakistan: defunct organizations that have stopped being profitable more than decades ago continue to suck up national resources. In the case of the PSM, it has laid dormant for almost a decade and yet employees were collecting salaries!
It’s high time that Pakistan sells off all these SEOs. Those that argue against privatization are the truest enemies of Pakistan, including the current government and the other two parties PPP and PML.