Posted 11/6/2023, 12:16:43 AM
Pakistan Cancels Hundreds of Flights as State-Owned Enterprises Drain Economy
- Pakistan International Airlines recently cancelled hundreds of flights, disappointing customers
- Pakistan's state-owned enterprises (SOEs) are struggling and a burden on the economy
- Over 200 SOEs operate across sectors, costing the government through subsidies and bailouts
- Energy sector inefficiencies have greatly increased SOE costs in recent years
- IMF is pushing Pakistan to reform and privatize SOEs, but past attempts have failed