privatisation must move

Privatisation must move fast and stay transparent

Prime Minister Shehbaz Sharif has told all ministries to meet their deadlines under the privatisation programme. This push for speed and coordination is the right instinct. Pakistan cannot afford more delays in selling off loss making state enterprises.

The government has listed 27 public sector organisations for privatisation in three phases. Officials briefed the prime minister on progress at Islamabad, Lahore and Karachi airports. They also updated him on the sale of IESCO, FESCO and GEPCO. Expressions of Interest have already been invited for all three power companies. FESCO submissions close on August 7. GEPCO closes on August 21. IESCO closes on September 7, 2026. International investors are showing interest and roadshows are continuing.

This pace is encouraging but Pakistan has been here before. The privatisation of Pakistan International Airlines dragged on for years through failed bids, legal challenges and political hesitation. That delay cost the national exchequer billions in continued losses. It also damaged investor confidence in Pakistan’s ability to complete a sale once it starts one. The government must not let IESCO, FESCO and GEPCO suffer the same fate.

Speed alone is not enough. Every step of this process must remain transparent. Bidding criteria, investor qualifications and final sale terms should be made public and open to scrutiny. Citizens deserve to know that state assets are being sold at fair value, not handed over through backroom deals.

The prime minister was right to direct that ZTBL continue serving farmers after privatisation. Agriculture remains central to Pakistan’s economy and food security. Any new owner must be bound by clear conditions to protect farmer access to credit.

The economy needs the discipline that privatisation brings. But the PIA experience proves that half measures and delays only deepen losses. The government must finish what it starts, openly and on schedule.

Similar Posts

  • A flood warning system that actually saves lives

    Rivers across the country are rising fast. Heavy monsoon rain, combined with water released from Indian dams upstream, has pushed combined river flows to 454,000 cusecs. The Indus is swelling at Tarbela, Kalabagh and Chashma. The Chenab is already at medium flood level at its main headworks. Officials warn that high flooding may hit the Chenab within hours, and the Jhelum is also expected to rise. Melting glaciers in the north, driven by unusually high temperatures in Skardu, add another layer of danger. The human cost is already visible. At least six people have died in Khyber district and Azad Jammu and Kashmir, including a mother and her two children buried under a landslide in Kotli. In Landi Kotal, floodwaters swept away vehicles and killed three people. Across Khyber Pakhtunkhwa, at least 12 people have died and 14 have been injured in the last 24 hours alone, five of them children. These numbers should alarm the nation, but they should not surprise it. Pakistan faces this same tragedy almost every monsoon season. Rivers swell, hillsides collapse, and families in low-lying villages pay the price. The problem is not only the rain. It is the gap between the warnings issued by the Flood Forecasting Division and the action taken on the ground before disaster strikes. Pre-flood safety measures save more lives than any rescue operation after the fact. Families living near rivers and in flood-prone valleys must be relocated before water levels reach danger marks, not after. Local administrations should identify vulnerable settlements in advance and prepare clear evacuation routes. Simple steps such as keeping emergency contact numbers visible in villages, stocking basic supplies, and avoiding travel through known landslide zones during heavy rain can prevent needless deaths. Public awareness campaigns deserve far more attention than they currently receive. Many rural families do not know how to interpret a flood warning or what to do when one is issued. Radio, mobile alerts and community announcements in local languages can close this gap quickly and cheaply. Authorities should not wait for rivers to reach danger levels before informing residents. Warnings must go out the moment forecasts show risk, giving people time to move to safety. The government has shown it can respond once a disaster hits, with rescue teams and heavy machinery deployed to clear roads and relocate residents. But response is not prevention. Pakistan must invest in early warning systems, train local volunteers, and build a culture where communities know exactly what to do before the water arrives.

  • A dangerous war must not be allowed to spread

    The war in the Middle East is not shrinking. It is spreading. The recent Houthi attacks on Saudi oil tankers in the Red Sea are proof that a conflict once confined to Yemen’s borders is now reaching into international waters, threatening ships that carry oil and goods for the whole world. This is a dangerous moment, and it deserves plain, honest words rather than diplomatic silence. Prime Minister Shehbaz Sharif was right to call these attacks a violation of international law. Commercial ships are not military targets. When tankers are attacked in the Red Sea, it is not just Saudi Arabia that suffers. Shipping costs rise, insurance costs rise, and ordinary families far from the region end up paying more for fuel and food. This is why the prime minister called it a threat to the global economy, not only a regional dispute. Pakistan’s response also reflects a long and real relationship. For decades, Islamabad and Riyadh have stood together, through shared faith, economic support, and security cooperation. Millions of Pakistani workers live and earn their livelihood in Saudi Arabia. When Saudi Arabia faces a security threat, it is natural that Pakistan feels it too, not as a distant headline, but as something close to home. The prime minister’s message of solidarity, delivered alongside Field Marshal Asim Munir, reflects this old and genuine bond, not a hollow diplomatic gesture. But solidarity with a friend does not mean closing our eyes to the wider picture. A war that keeps expanding helps no one, not Saudi Arabia, not Yemen, and not the region as a whole. Yemen has already endured years of war, hunger and displacement. Its people deserve peace, not another chapter of conflict. At the same time, attacks on tankers cannot be excused as a fair response to that suffering. Two wrongs will only deepen the crisis. This is why Pakistan’s call for restraint must be addressed to both sides. The Houthis must stop attacks on commercial shipping in the Red Sea. Saudi Arabia and its partners must also avoid actions that push the conflict further, and instead pursue a political settlement in Yemen. The Red Sea and the Strait of Hormuz are lifelines for global trade. Keeping them open and peaceful is not just in Saudi Arabia’s interest, or Pakistan’s interest, but in everyone’s interest. The world cannot afford another war zone at sea.

  • Cambridge must answer students before it is too late

    Students in Pakistan have every right to be angry. They followed the rules, sat their exams honestly, and now they face a system that seems slow to answer basic questions. The Cambridge paper leak controversy should have been settled months ago. Instead, students are heading to protest outside the IBCC office in Islamabad because meetings keep getting postponed and answers keep getting delayed. The new forensic report from the National Cyber Crime Investigation Agency makes this more urgent, not less. Investigators found no signs that the leaked video files were edited or faked. That is a serious finding. It means the leaks were likely real, even though the report could not say who was behind them. When such evidence exists, students deserve a clear response, not silence before results and vague promises after. Cambridge’s decision to pull out of a key meeting just before results were announced sends the wrong message. It looks like an attempt to avoid difficult questions rather than face them. Postponing accountability until after grades are released only deepens mistrust among students, parents and teachers. The core issue is fairness. Even if leaked material reached only a small number of students, those students may have gained an unfair advantage. Honest students who worked hard without any early access to questions could end up disadvantaged. This is not a small technical matter. It affects university admissions and futures. Schools and education authorities also share blame. Many stayed quiet when the leaks were first reported and only spoke up once public pressure grew. That is not good enough. Cambridge, IBCC and the government must treat this seriously. Students are not asking for favours. They are asking for transparency, fairness and a guarantee that this will not happen again.

  • Growing Pakistan-Kuwait ties

    The meeting between Kuwait’s Defence Minister Sheikh Abdullah Ali Abdullah Al-Saleem Al-Sabah and Field Marshal Syed Asim Munir at General Headquarters is a positive development for both Pakistan and Kuwait. At a time when the Middle East and South Asia face serious security challenges, closer cooperation between friendly countries can help promote peace and stability. Pakistan and Kuwait have enjoyed warm and brotherly relations for many years. Their relationship is based on mutual respect, shared interests and strong people-to-people links. The latest talks show a desire to take this relationship further, particularly in the field of defence and security. Pakistan has a professional and experienced armed forces, with valuable expertise in different areas of defence. Kuwait, meanwhile, is an important country in the Gulf region. Greater military cooperation can help both countries learn from each other and improve their ability to deal with modern security challenges. The discussions at GHQ focused on regional developments and ways to strengthen institutional links between the armed forces of the two countries. Such regular dialogue is important because security challenges do not remain limited to one country. Terrorism, regional conflicts and other threats often require cooperation and the sharing of experience. The Kuwaiti delegation’s appreciation of the professionalism and capabilities of the Pakistan Armed Forces is also encouraging. Pakistan’s military has played an important role in supporting peace and security, both within the country and through international peacekeeping efforts. However, defence cooperation should always have a larger purpose: peace. Stronger relations between Pakistan and Kuwait can contribute to stability, better understanding and closer coordination in the wider region. The commitment expressed by both sides to build a stronger and lasting defence partnership deserves appreciation. Pakistan and Kuwait should continue to expand cooperation through dialogue, joint training and the exchange of professional experience. Their historic friendship can become an even stronger partnership, benefiting not only the two countries but also contributing to peace and stability across the region.

  • Hunting down tax dodgers with science, not guesswork

    Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue to build a scientific method for measuring how much tax each sector of the economy can actually pay. This is a welcome step. For years, tax collection in Pakistan has relied on guesswork and old habits, leaving many sectors under taxed while honest taxpayers carried the burden. The new system aims to fix this. It will help identify sectors where tax potential is being missed. It will also help find businesses and individuals working in the informal economy who avoid paying taxes altogether. The prime minister gave these directions during a meeting on FBR reforms held in Islamabad. He asked officials to work closely with the power sector to trace hidden businesses and tax evaders. He also ordered legal action against anyone found guilty of evasion. This shows a firm commitment to enforcing the law rather than just talking about it. There is real progress to point to already. For the first time in the country’s history, sugar production data now matches FBR records. The prime minister praised FBR Chairman Rashid Mahmood Langrial and his team for this achievement, and it is a sign that better monitoring is starting to pay off. The plan does not stop at sugar. Digital tracking systems are being expanded to textile, beverages, steel, poultry, edible oil, ghee and tyre sectors by December. Tracking is already working in sugar, cement, tobacco, tiles and fertiliser. This kind of digital oversight makes it much harder for anyone to hide production and dodge taxes. Alongside this, Shehbaz Sharif reviewed Pakistan’s digital vision, including plans for a national data centre and a single digital identity for citizens to access government services. Taken together, these reforms signal a government serious about modernising tax collection and public services, and that effort deserves genuine appreciation.

  • Arshad Nadeem will make a comeback 

    Arshad Nadeem remains one of the finest athletes Pakistan has ever produced, and one disappointing outing in Glasgow cannot erase that fact. His early exit from the Commonwealth Games javelin event has understandably worried fans, but this is a moment for support, not despair. Every great athlete faces setbacks. What matters is how they respond. Former coach Fayyaz Hussain Bukhari has raised a valid point about fitness levels ahead of the Glasgow event. He noted that Nadeem did not appear to have the same intensity he showed during earlier training sessions under his guidance. Bukhari, who worked closely with Nadeem for eight years and helped him reach the Tokyo Olympics, believes physical preparation is the foundation of success in any sport. He also called for regular fitness testing before athletes compete internationally, a suggestion authorities should take seriously. It is worth remembering that Nadeem has already given Pakistan its proudest sporting moment. His gold medal throw of 92.97 metres at the Paris Olympics in 2024 remains a historic achievement that will be remembered for generations. A single poor performance in Glasgow does not undo that legacy. Sport, by nature, involves highs and lows, and no athlete performs at their peak every single time. Bukhari believes Nadeem does not need another extraordinary throw to prove himself. He has already shown the world what he is capable of. What he needs now is to refocus, correct small mistakes and rebuild his mindset. This is completely achievable for an athlete of his caliber. Questions raised about coordination between Nadeem, his current coach Salman Butt and the Athletics Federation of Pakistan deserve honest attention. Stronger cooperation between all parties can only help Nadeem perform better on the international stage. This is the time for Pakistan to stand behind Arshad Nadeem, not criticize him. Defeat is part of every sportsperson’s journey, and true champions are defined by how they bounce back. 

Leave a Reply

Your email address will not be published. Required fields are marked *