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Privatization for economics prosperity or poverty - A case of Pakistan

Privatization is a complex exercise with multifaceted implications and has to be conducted with a number of caveats (Khan, 2001).The present privatization process of State Owned Enterprises (SOEs) started in Pakistan in 1991 under pressure form donor agencies without formulating a rational privatiza...

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Main Author: Amer, Shaukat
Other Authors: Mohd Sani, Mohd Azizuddin
Format: Book Section
Language:English
Published: College of Law, Government and International Studies, Universiti Utara Malaysia. 2010
Subjects:
HC Economic History and Conditions
Online Access:http://repo.uum.edu.my/2547/1/Shaukat_Amer_-_Paper-Privatization_for_Economics_Prosperity_or_Poverty_-_A_Case_of_Pakistan%5B1%5D.pdf
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spelling my.uum.repo.25472011-02-27T07:01:35Z http://repo.uum.edu.my/2547/ Privatization for economics prosperity or poverty - A case of Pakistan Amer, Shaukat HC Economic History and Conditions Privatization is a complex exercise with multifaceted implications and has to be conducted with a number of caveats (Khan, 2001).The present privatization process of State Owned Enterprises (SOEs) started in Pakistan in 1991 under pressure form donor agencies without formulating a rational privatization policy. This includes establishing a proper business environment, regulatory regime and development of financial markets to create potential for the purpose. The privatization process was criticized during all the governments. The capital markets in Pakistan are not so developed. So, as was done in some cases, it is better that all the wholly owned units by the government are first converted into public limited companies and than the shares are offered to a wide range of investors specially targeting overseas Pakistanis and Arab world. It is never too late, still units having real worth of billion of dollars are there to be privatized. A major shift in the privatization policy can not only facilitate the government of Pakistan to eliminate completely the foreign debt but also this will align and enhance economic activities in the shape of effective and efficient management both in public and private sectors business units. In view of bail out packages by the state, its role to own business units has been reemerged. And if at all privatization is still desirable it should be in a different mode according to the changed scenario with the ultimate aim of economic prosperity. College of Law, Government and International Studies, Universiti Utara Malaysia. Mohd Sani, Mohd Azizuddin Ismail, Siti Zubaidah 2010 Book Section PeerReviewed application/pdf en http://repo.uum.edu.my/2547/1/Shaukat_Amer_-_Paper-Privatization_for_Economics_Prosperity_or_Poverty_-_A_Case_of_Pakistan%5B1%5D.pdf Amer, Shaukat (2010) Privatization for economics prosperity or poverty - A case of Pakistan. In: The Third International Conference on International Studies (ICIS 2010), 1st-2nd December 2010, Hotel Istana Kuala Lumpur. College of Law, Government and International Studies, Universiti Utara Malaysia. , Sintok, pp. 1-13. ISBN 9789832078456 http://icis.uum.edu.my/
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Amer, Shaukat
Privatization for economics prosperity or poverty - A case of Pakistan
description Privatization is a complex exercise with multifaceted implications and has to be conducted with a number of caveats (Khan, 2001).The present privatization process of State Owned Enterprises (SOEs) started in Pakistan in 1991 under pressure form donor agencies without formulating a rational privatization policy. This includes establishing a proper business environment, regulatory regime and development of financial markets to create potential for the purpose. The privatization process was criticized during all the governments. The capital markets in Pakistan are not so developed. So, as was done in some cases, it is better that all the wholly owned units by the government are first converted into public limited companies and than the shares are offered to a wide range of investors specially targeting overseas Pakistanis and Arab world. It is never too late, still units having real worth of billion of dollars are there to be privatized. A major shift in the privatization policy can not only facilitate the government of Pakistan to eliminate completely the foreign debt but also this will align and enhance economic activities in the shape of effective and efficient management both in public and private sectors business units. In view of bail out packages by the state, its role to own business units has been reemerged. And if at all privatization is still desirable it should be in a different mode according to the changed scenario with the ultimate aim of economic prosperity.
author2 Mohd Sani, Mohd Azizuddin
author_facet Mohd Sani, Mohd Azizuddin
Amer, Shaukat
format Book Section
author Amer, Shaukat
author_sort Amer, Shaukat
title Privatization for economics prosperity or poverty - A case of Pakistan
title_short Privatization for economics prosperity or poverty - A case of Pakistan
title_full Privatization for economics prosperity or poverty - A case of Pakistan
title_fullStr Privatization for economics prosperity or poverty - A case of Pakistan
title_full_unstemmed Privatization for economics prosperity or poverty - A case of Pakistan
title_sort privatization for economics prosperity or poverty - a case of pakistan
publisher College of Law, Government and International Studies, Universiti Utara Malaysia.
publishDate 2010
url http://repo.uum.edu.my/2547/1/Shaukat_Amer_-_Paper-Privatization_for_Economics_Prosperity_or_Poverty_-_A_Case_of_Pakistan%5B1%5D.pdf
http://repo.uum.edu.my/2547/
http://icis.uum.edu.my/
_version_ 1644278267932311552
score 13.211869

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