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
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
Delayed 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
- Get link
- Other Apps
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