Privatization, denationalization and disinvestment are the same terminologies . if we put a glimpse on history,we will be capable of finding its roots in the great Greece where few functions of government like Army supplies, Tax collection and construction were transferred to the private sector, because Govt was unable to perform such functions smoothly and was failed in it. in my opinion its a positive step that Govt of Pakistan took it.Let me mention here its merits and demerits briefly.
Merits:-
1. We can get incentive, skilled and professional employees.
2. Speedy completion of projects
3. better work frame
4.Better work management
5.Less corruption
6. less red tapism
7. Accountability
Demerits:-
1. Nepotism
2.Interests in the hands of few
3. No check and balance system
4.insecurities of jobs
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There is no great genius without some touch of madness.
Seneca (5 BC - 65 AD), Epistles
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