That’s a staggering amount to pay for an incomplete sale! It raises serious concerns about transparency and efficiency in the privatization process. If the initial bid was unacceptable, why was such a large portion of the fee already paid? And what guarantees are in place to ensure the financial advisor delivers results before receiving the remaining amount?
Meanwhile, the Roosevelt Hotel and PIA’s broader financial troubles highlight the deeper mismanagement issues. If not handled properly, this privatization could end up as yet another costly burden on taxpayers.
What are your thoughts? Should PIA’s privatization be fast-tracked, or is there a better alternative?
#PIAPrivatization #PakistanEconomy #Accountability #Transparency
Pakistan has paid $4.3M (Rs. 1.2B) to a financial advisor for PIA’s privatization—yet the sale remains incomplete! 63% of the fee is already paid, but no results.
Mismanagement or corruption?
Who is accountable?
#PIAPrivatization #PakistanEconomy #Transparency