KARACHI: Public Sector Enterprises suffer severe losses by distinct reasons may include obsolete plant and machinery, inefficient technology, idle manpower, weak marketing strategies and high cost of production etc.
The existing board of director is to require a well-defined framework to resolve the multiple problems.
The main problem which the PSE, S is facing the lack of working capital or financial constraints, according to analyst.
The Government need to provide financial assistance to only those industries or units that have potential for revival.
The restructuring of debt with reform, should promise regard to business competitiveness of the units.
The occasional forgiving and defaults loans should avoid for normal business risk.
The proper laws, rules and regulation must be passed for managing different sorts of loan like default loan and forgiveness loan cases, particularly.
This act will protect the financial intuition and intermediary, And would support to economic development and poverty elevation.
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