The caretaker government should speed up the process of privatization of loss-making public institutions.President ICCI Ahsan Bakhtawari

By M-Ilyas

Peshawar : Promulgation of ordinances related to government institutions, President ICCI Ahsan Bakhtawari issued an important statement , Pakistani’s Institutions are number one in Asia in terms of annual losses, President ICCI Ahsan Bakhtawari further said that the involvement of the corporate sector, timely and better decision , making can put the institutions back stand on their feet.For reduction, we should go from business to patronage, only 8 government institutions including PIA, Steel Mills are making a loss of Rs250 billions annually, and the loss of national institutions to the country suffering from economic problems has led to further increase in their difficulties, and if the deficit of these government institutions is not controlled, it will prove to be very harmful for the economy of the country , he said that there is a need to work with a comprehensive and integrated strategy to eliminate the deficit, and the victims of deficit.The best solution to the problem is to take the institutions out of government custody and hand them over to the private sector.