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The government is planning to privatize additional public sector entities as part of its broader rightsizing policy aimed at streamlining the economy. This move is intended to enhance operational efficiency, reduce fiscal burden, and attract private sector investment in industries that have long been state-controlled. The rightsizing policy, which has been in development for several years, focuses on reducing the size of public institutions and ensuring that only essential entities remain under state ownership. The government believes that by transitioning some of these bodies into private hands, it can foster greater innovation, improve service delivery, and generate higher revenues. Additionally, privatization is seen as a crucial step in addressing inefficiencies that have plagued many state-owned enterprises, including chronic losses and overstaffing. According to officials familiar with the plan, industries likely to be affected include power, transport, and finance. The privatization process will involve thorough assessments to ensure transparency and fair market value, with international and local investors being invited to participate in the bidding process. Public-private partnerships (PPPs) are also being explored to maintain a balance between private management and public interest. Critics of the policy argue that privatization could lead to job losses and decreased government control over essential services. However, supporters believe that the move will strengthen the economy by creating more competitive markets, attracting foreign direct investment, and freeing up government resources for other priority areas, such as education and healthcare. Overall, the privatization plan under the rightsizing policy is seen as a major step toward economic reform, with the potential to reshape the country's economic landscape in the coming years.

Government to Privatize More Entities Under Rightsizing Policy

The government is planning to privatize additional public sector entities as part of its broader rightsizing policy aimed at streamlining the economy. This move is intended to enhance operational efficiency, reduce fiscal burden, and attract private sector investment in industries that have long been state-controlled. The rightsizing policy, which has been in development for several years, focuses on reducing the …

PCB Appoints Key Mentors for Champions Cup Preparation

PCB Appoints Key Mentors for Champions Cup Preparation

As the Pakistan Cricket Board (PCB) gears up for the upcoming Champions Cup, it has appointed key mentors to guide and prepare the national team. These appointments are part of the PCB’s efforts to enhance the performance of the team through expert mentorship, addressing various aspects of the game ahead of the prestigious tournament. The mentors, who are seasoned cricket …

Tickets for Pakistan vs England Test Series Set to Go on Sale Today

Tickets for Pakistan vs England Test Series Set to Go on Sale Today

Cricket fans are in for a treat as tickets for the much-anticipated Pakistan vs England Test series will be available for purchase starting today. This series, part of the ICC Test Championship, promises to be an exciting battle between two of the top teams in world cricket. With both nations boasting exceptional talent, fans can expect intense competition, remarkable performances, …

Storm Helene's Devastation Escalates, North Carolina Struggles Amid Rising Death Toll

Storm Helene’s Devastation Escalates, North Carolina Struggles Amid Rising Death Toll

The aftermath of Storm Helene has left North Carolina in a state of turmoil as the death toll continues to climb. The storm, which made landfall over the weekend, has caused widespread devastation, particularly in rural areas where rescue efforts are still underway. Local authorities have confirmed that flash floods, strong winds, and fallen debris have claimed numerous lives, with …

Trump Advocates for Aggressive Policing Amid Harris Campaigning in Nevada

Trump Advocates for Aggressive Policing Amid Harris Campaigning in Nevada

Former President Donald Trump recently called for a more forceful and assertive police response in the U.S. during a public address, stirring controversy. Trump, known for his tough-on-crime rhetoric, urged law enforcement to take a more “violent” approach when handling unrest and crime. His comments, seen by some as advocating for excessive force, have sparked debate across the political spectrum, …

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