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Poor Governance and Political Interference Cause Losses in Pakistan’s State-Owned Enterprises

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New Delhi, Jan 15 (IANS) Poor governance and mismanagement due to political interference are leading to huge losses in Pakistan’s state-owned enterprises, after which they are put up for distress sale at throwaway prices, a Pakistani media report said.An article in Pakistan’s Express Tribune points out that instead of reforming governance early, successive governments postpone difficult decisions. State-owned enterprises are routinely retained despite declining performance, political interfe…