Don’t trash the idea of privatization

Pakistan has embarked on an ambitious plan to privatize SOEs characterized by below par performance.   The national flag carrier, PIA is just one of the 31 public enterprises that it aims to privatize. The issue is currently being debated on various media forums. While proponents of privatization argue that it is the best available option . . . → Read More: Don’t trash the idea of privatization

Budget 2013-14 not as bad as it sounds

By Usman Khalid

Finance Ministers usually outline in their budget speech the objectives they wish to achieve. I watched the Finance Minister Ishaq Dar budget speech on TV and was impressed by his knowledge of detail. But he did not outline his objectives; I had to glean his objectives from his long and . . . → Read More: Budget 2013-14 not as bad as it sounds

PIA and Airports

This is a true narration of facts. I went to the PIA website to make reservations for a flight from London to Lahore. The website indicated that only two seats were available in Business Class on the flight. I quickly asked my travel agent to make the reservations. He did so. Once the flight departed . . . → Read More: PIA and Airports

Chd Mukhtar’s Rs4.6 billion loan in PIA’s name exposed

By Kalbe Ali

The central bank has reported to the Election Commission of Pakistan (ECP) that former defence minister Chaudhry Ahmed Mukhtar had obtained loans worth more than Rs4.6 billion from banks in the name of Pakistan International Airlines (PIA).

But it appears that SBP has ignored the fact that the PIA is under the defence . . . → Read More: Chd Mukhtar’s Rs4.6 billion loan in PIA’s name exposed

Gauging PPP’s 5 year performance

Is third time really a charm in Pakistani politics?

Democracy has been a tough challenge for Pakistan. In its 65 years of history, the democratic process has been hijacked four times by military coups. When elected governments did manage to acquire power, they failed to complete their term. This time was different. This time a . . . → Read More: Gauging PPP’s 5 year performance

Fasten your seatbelts

The Bhoja air crash was yet another crash in Pakistan’s history. Yet again we saw the deaths of innocent lives. Yet again we saw looting at the site of the crash. Yet again we saw politicians making this an opportunity to point fingers to the CAA, the airline, the government and their political rivals. But . . . → Read More: Fasten your seatbelts

PIA’s purchase of aircraft engine raises alarms

The purchase by Pakistan International Airlines of an aircraft engine at a cost of $2.8 million has set off whispers about financial impropriety, Dawn learnt on Wednesday.

Sources in the PIA said rules and regulations laid down by the Pakistan Procurement Regulatory Authority (PPRA) were not being met in the purchase of overhauled engine of . . . → Read More: PIA’s purchase of aircraft engine raises alarms

Corruption and govt interference have brought PIA down

Senators from both the treasury and opposition benches observed on Monday that the national flag carrier is going from “bad to worse with every passing day.” However, they could not succeed in convincing Defence Minister Ahmed Mukhtar to announce a ‘specific policy’ to control the multi-billion losses in Pakistan International Airlines (PIA).

. . . → Read More: Corruption and govt interference have brought PIA down

Surveys show Pakistan to be one of the most corrupt nations in the world

Surveys by various agencies continue to strengthen the perception that Pakistan is one of the most corrupt countries in the world.

The Transparency International Pakistan that has been conducting detailed exercises since 2002, has concluded in its latest National Corruption Perception Survey 2011 that land administration and police are the two most corrupt departments in . . . → Read More: Surveys show Pakistan to be one of the most corrupt nations in the world

Pakistan’s most Corrupt Departments this year

Land and property and police remained the two most corrupt departments of the country in year 2011, while education and military remained the two least corrupt departments during the said year, the National Corruption Perception Survey 2011 announced by Transparency International Pakistan (TIP) revealed on Wednesday.

. . . → Read More: Pakistan’s most Corrupt Departments this year