PM's move to restructure SOEs commendable: PEW.

ISLAMABAD -- The Pakistan Economy Watch (PEW) on Monday lauded move of the Prime Minister Imran Khan to restructure state-owned enterprises (SOEs) which are inflicting losses to the tune of trillions. In case of success, the government will save hundreds of billions of rupees being spent to keep these institutions artificially alive, it said. Chairman Pakistan Economy Watch Brig. (retd) Aslam Khan has said that Pakistan cannot progress unless it strikes a balance between income and expenditures for which tackling failed companies is necessary. He said that lossmaking entities are getting more funds than

being spent on defence of the country while all the money is going down the drain which cannot be justified. Almost all the governments over the last forty years have tried to turnaround SOEs or sell them but the experience of...