PML-N to replace heads of state-owned giants

Pak Steel, PIA, Railways and PNSC will see change at the helm.

LAHORE: The incoming Pakistan Muslim League-Nawaz government has decided to replace heads of all those loss-making state-owned enterprises that need a cushion of billions of rupees every year to keep their wheels moving.

This was announced by PML-N central leader Ahsan Iqbal, who said heads and chief executives of loss-making giants like Pakistan Steel Mills, PIA, Pakistan Railways and Pakistan National Shipping Corporation would be removed in an effort to end financial haemorrhaging worth hundreds of billions of rupees.

“Applications for these high posts will be invited through advertisements in the media on the very first day the new government takes over,” Iqbal told members of the Lahore Economic Journalists Association here on Wednesday.

He stressed that the new government would make every possible effort to ease the sufferings of people caused by power outages. In this regard, short and long-term measures were underway.

But he did not give any timeframe, saying it would be illogical to set a deadline or date for the end of load-shedding as this may lead to media trial of the new government.

PML-N is also working on a five-year development plan for Punjab and will prepare all future budgets of the province in line with this plan. “We want to make Punjab a model economy for other provinces and the federation,” Iqbal said.

He claimed that the Punjab government did not tolerate corruption in the past five years and a similar policy would be formulated at the federal and provincial levels for the next five years.

Published in The Express Tribune, May 30^th, 2013.

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