Privatization of public entities: A sign of failure or strategic adaptation?

Privatization of public entities: A sign of failure or strategic adaptation?

Privatization-the transfer of ownership or control of public enterprises from the state to private hands-has long been one of the most contested economic reforms in developing countries. Advocates hail it as a tool for efficiency, investment, and fiscal relief; critics condemn it as a confession of failure, where governments admit they can no longer manage their own institutions. In Pakistan’s case, the truth lies somewhere in between: privatiza…