ISLAMABAD – Prime Minister Nawaz Sharif has approved in principle privatization of the Pakistan Railways – the country’s largest civilian organisation – a move which will trigger massive unemployment as about 70 percent of the organisation’s total strength of 93,000 employees will be shown the door.
The steps towards the privatization of the railways appears to be in line with the Word Bank and IMF demands, directing Pakistan for restructuring and revamping of the state’s organisations causing huge losses to the national kitty. Since long, Pakistan Railways has been annually causing billions of losses to national exchequer and has become a ‘white elephant’ due to its poor performance.
However, the primary beneficiaries of the privatisation plan will include some of the blue-eyed persons from the ruling party. The decision to privatize railways was taken at a high-level meeting which was chaired by Prime Minister Nawaz Sharif at his office on April 3, 2014, and notification in this regard was issued by a high ranking official of the PM’s office on April 15, 2014.