Private sector has ability to put economy back on rail by turning loss making enterprises into profitable: Malik Tahir Javed

Lahore, February 06, 2014 (PPI-OT): Chairman Pakistan Industrial and Traders Associations Front (PIAF) Malik Tahir Javed while congratulating Pak Business Express on completion of two years, has said that success of this venture is an ample proof that private sector has the ability to put economy back on rail by turning loss making enterprises into profitable.

In a statement issued here Thursday, Malik Tahir Javed said that success of Pak Business Express was a good omen for Pakistan Railways. He hoped that the days are not very far when Pakistan Railways would become a profitable entity.

He said that government should appreciate ventures like Pak Business Express and most of the Public Sector Enterprises have lost their credibility and became huge loss making organizations. Only private sector could pull these enterprises out of mire of crisis.

He said that success of Pak Business Express has given a very good message to the foreign investors who were reluctant to invest in the country due to one reasons or other. He said that the success of Pak Business Express had opened new doors for public-private partnership that was must to gain economic stability.

For more information, Contact:
Khalil-ur-Rehman
Pakistan Industrial and Traders Associations Front
110/s Kot Lakhpat Industrial Estate
Lahore, Pakistan
Phone: (92) 42 5123522
Fax: (92) 42 5123522
Email: Info@piaf.pk