why did the government incruse towards privation zation
Answers
Answer:
The Privatisation process in Pakistan[1] (sometimes referred to as Denationalisation programme[2] or simply the Privatisation in Pakistan)[3] is a continuous policy measure program in the economic period[when?] of Pakistan. It was first conceived and implemented by the then-people-elected Prime Minister Nawaz Sharif and the Pakistan Muslim League, in an attempt to enable the nationalised industries towards market economy, immediately after the economic collapse of the Soviet Union in 1989–90.[4] The programme was envisaged and visioned to improve the GDP growth of the national economy of Pakistan, and reversal of the nationalisation programme in 1970s— an inverse of the privatisation programme.[4]
Answer:
In the past several years, more and more state and local governments have adopted privatization as a way to balance their budgets, while maintaining at least tolerable levels of services. ... Critics of widespread privatization contend that private ownership does not necessarily translate into improved efficiency.