Selling of National Assets to Foreign Buyers on a Throw Away Price is Not a Solution

Tue Oct 31 2023
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ISLAMABAD: There are a few suggestions by senior airline experts for the best national interest and (moreover) it could take everyone’s kind attention and consideration of policymakers, if they could review it. At present, the Pakistan Army is running a number of institutions under the umbrella of the Army Foundation and Army Welfare Trust. All these institutions are profit-making institutions.

It would be in the fitness of things if PIA and the Steel Mills both are the burden on the national exchequer. If said loss-making units are taken over by the Pakistan Army, these loss-making units would soon turn into profit-making units. Selling of national assets to foreign buyers at a throw-away price is beyond comprehension.

Moreover, the Federal government should support local manufacturing industries aims to generate domestic and foreign revenues by way of selling quality products at a competitive rate, drastic cutting of considerable import bills, and increasing sizeable exports to international markets to earn precious foreign exchange to ensure timely payments to the foreign creditors. Moreover, improve in GDP and per Capita income thus providing expected relief to the common man by the Federal and the provincial governments.

One more thing should be brought to readers’ notice (and policymakers) due to the suspension of flight operations by the national carrier, the other airlines are making hey while the sun shines. The unbridled fares of these airlines should be checked and caped to arrest the unhealthy practice of minting money and to save the passengers from paying forced fares at the sweet will of airlines.

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