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INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS
Table 3: Privatization and Budgetary Deficit variations of Different South Asian Countries
JUNE 2011
VOL 3, NO 2
Country
No. of units
privatized
Budgetary Deficit
(% age of GDP)
Privatizations receipts
Sri Lanka 75 7.7 $715 millions
India 39 6.5 Rs. 126.38 billions
Nepal 10 6.4 Rs. 797 millions
Bangladesh 1083 5.4 $ 2.0 millions
Pakistan 106 5.4 Rs. 59.6 billions
Source: Regional meeting on privatization in South Asia, November (1999)
7. Conclusions
The aim of our study was to know, how privatization can affect the outcomes of an
organization. Research questions were used to support our findings and it was concluded
that there was a deep and positive impact of privatization process on the performance of
various entities in Pakistan. Our past showed that privatization always shaped desirable
results regarding various industries such as auto-mobile, cement, telecom and power
generation organizations. Volume, profit, efficiency, progress; promoted FDI and
investment opportunities increased; and improved working conditions in the organizations
and living standards of the employees also increased due to privatization and there was a
highly significant impact of privatization on the performance of financial institutions
especially in banking sector. Privatization also produced many strict rules and regulations
regarding labor and working environment but it can be improved by making flexible
policies. The limitation of our study was that it discussed the performance analysis of
banking sector of Pakistan only but it opens many doors for future studies about other
sectors of Pakistan like power generation companies, cement industries, telecommunication
companies that are being privatized till date.
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