PRIME Minister Shehbaz Sharif’s directive to expedite the privatisation of PIA, while emphasising transparency, is reassuring given that several past transactions have been plagued by opacity that virtually halted the process for years. The Supreme Court’s intervention in the Pakistan Steel Mills’ sale in 2006 became a landmark case when the court halted the process over reports of irregularities. The PSM has since been shut down but continues to incur losses in billions of rupees. Likewise, the buyers of a major bank had to face........

© Dawn