TY - JOUR AU - Zubair, Muhammad AU - Wizarat, Shahida AU - Imran, Kashif PY - 2022/06/30 Y2 - 2024/03/29 TI - Economic and Strategic Implications of Privatization in Pakistan: Case Study of Pakistan Steel Mill JF - Pakistan Journal of Economic Studies (PJES) JA - Pak. J. Econ. Stud. VL - 5 IS - 1 SE - Articles DO - UR - https://journals.iub.edu.pk/index.php/pjes/article/view/805 SP - 293-309 AB - <p><em>Privatization started in the 1980s in Pakistan, but it failed to turn </em><em>state-owned enterprises into profitable entities, improve efficiency, ensure better governance, retire debt, and fix the fiscal balancing problem. Privatization in Pakistan seems to be politically conditioned and externally imposed rather than fulfilling domestic economic needs. This study aims to evaluate the privatization process in Pakistan descriptively; hence, the economic, political, and strategic implications of privatization in Pakistan are discussed. Pakistan S</em><em>teel is </em><em>an </em><em>important entity </em><em>in the engineering industry, significant in its economic, social, and strategic contributions. This study also explains the after-privatization implications of the Pakistan S</em><em>teel Mill, Pakistan’s</em><em> economic and strategic asset. </em></p> ER -