PUBLIC SECTORS, PRIVATE SECTORS AND PUBLIC-PRIVATE PARTNERSHIP

 PUBLIC SECTORS:

Portion of the economy composed of all levels of government and government-controlled enterprises. It does not include private companies, voluntary organizations, and households.

PRIVATE SECTORS

The part of the national economy that is not under direct state control.

PUBLIC PRIVATE PARTNERSHIP

A Public-private partnership (PPP) is often defined as a long-term contract between a private party and a government agency for providing a public asset or service, in which the private party bears significant risk and management responsibility .

PROBLEMS IN PUBLIC SECTORS IN PAKISTAN

Inefficient Management

It has been found that these enterprises are managed by public savants. They are not professionally qualified nor experts in the management of industrial enterprises.

Lack of Efficiency

If a public enterprise in-cursed losses due to efficiency, it is overlooked. Whereas private enterprises are run for profit.

 Delayed Decisions

Delayed in decision making is one of the key problems. Lack of personal interest No one wanted to take responsibility for making decisions.

Lack of Innovations

Innovations are essential for economic development.

Public enterprise lacks it due to monopoly or lack of competition.

Excessive Government Control

It has been found that the government is always interfering in the petty decisions of public enterprise.

Decision making takes a long time due to the complex procedure in public enterprises.

10 PUBLIC ORGANISATION

Pak- Arab Refinery 

Pakistan Broadcasting corporation

Industrial Development Bank

Oil and Gas Development Company

Multan Electric  Power Company

State Life

Trading Corporation Of Pakistan

Utility Stores Corporation 

Radio Pakistan

PTCL

Pakistan Steel Mills

PHA Foundation

SITUATION OF PRIVATE SECTOR IN PAKISTAN

As a result of the successful experience with privatization, in Pakistan today, over 77% of the commercial banking sector, 100% of the textile and telecommunications sector, and a significant part of the cement, sugar, automobile and fertilizer sector are in the private sector.

But at the same time it is very expensive . Poor people cannot use them .

PRIVATE ORGANISATION

Aviation

Hospital 

Financial services

Estate agents

Newspaper or magzines

Law firms

Veterinaries

Arif Habib Group

Askari Bank

ARY DIGITAL NETWORK

Automobile

Sugar

SITUATION OF PUBLIC PRIVATE PARTNERSHIP

From 1990 to 2019, Pakistan witnessed 108 financially closed PPP projects, with a total investment of approximately $28.4 billion. In early 2021, Parliament approved the amendments to the 2017 PPP Law, enacting the Public Private Partnership Authority (Amendment) Act 2021.

The PPP approach provides a feasible option for governments in the developing countries, including Tanzania, to bridge the gap on resources required for socio-economic development. To put in place an enabling environment to generate and mobilize adequate financial and technical resources for PPPs.

SUGGESTION

According to my point of view Public - private partnership is best because of:

• Access to private sector finance
• Higher efficiency in the private sector
• Increased transparency in the use of funds. 
• Complex procurement process with associated high transaction costs. 
• Contract uncertainties. .
• Enforcement and monitoring.
• They provide better infrastructure solutions than an initiative that is wholly public or wholly private. ...
• They result in faster project completion and reduced delays on infrastructure projects by including time-to-completion as a measure of performance and therefore of profit.
•  ORGANISATION OF PUBLIC PRIVATE PARTNERSHIP
• Gwadar solar PV Plant
• Matiari-Lahore Transmission Line
• The Block- IIThar Energy Coal - Fired Plant
• Pakistan Deep Water Container Port Phase II
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