Dr. Noor Fatima (Economist): There are multiple reasons for the crisis of Pakistan International Airlines. One reason is the low standards of service as compared to the other airlines. People want improved services and they are even willing to pay higher prices for it. If you do not want to work for the public entity and are not spending much on it, you have to disown it someday. A good policy framework is required to save the PIA and turn it into an asset. It also requires a lot of restructuring to run the airline in a proper manner. The restructuring reforms are talked about a lot, but we never really go for such reforms. We need efficient and timely working on this matter, before it is too late. Currently, all the productive industries require restructuring measures to strengthen the economy. We also have to work on our taxation system. We have very good policies regarding our energy sector, but we are still grappling with the issue of load-management.
Dr. Mirza Ikhtiyar Baig (Economist): Previous governments also vowed to work on various reforms, but we have not seen any difference in the economy. Thirty rupees per unit price for electricity is totally unaffordable. So, we have to work in the energy sector to provide the much needed relief to the people. There are various ways to produce cheaper electricity and Prime Minister Shehbaz Sharif has singled out solar energy to achieve this goal. We must congratulate Prime Minister for working expeditiously to revive the economy.