Transparency and oversight should be the cornerstones of any privatisation process. Public offerings can act as checks and balances, ensuring that the privatisation process remains fair and equitable. However, past privatisation attempts have been hindered by various challenges, including economic volatility, judicial activism, litigation, and political resistance. Rebuilding this trust is imperative for successful privatisation efforts. The key to a successful privatisation process lies in procedural and process transparency.

Source: The Nation October 10, 2023 04:45 UTC