LAHORE: Privatisation of dead government assets has always been a useful tool to boost the economy and generate tax revenue. Private investors and entrepreneurs willingly take up these contracts so as to bring growth. Every time the government changes in Pakistan, existing contractors suffer since that government’s officials are not direct beneficiaries. The club’s management brought billions into the economy and created a world-class sporting facility. Hundreds of armed men recently raided and sealed the club, looting and destroying equipment worth millions of rupees. Who would want to invest in such a hostile environment where forceful takeovers are ever so prevalent?
Original news : http://tribune.com.pk/story/1157085/privatisation-state-assets/