Abstract
Government of Pakistan established several ‘publicly funded, privately managed’ companies based on the principles of Public Private Partnership. This paper analyses whether this unique PPP model protects the interests of both the public and private stakeholders, or is this just a means to public subsidizing of private interests? By drawing on evidence from primary and secondary sources, this paper finds that though some elements of PPP are present in these companies, they, as a whole, are not truly public private partnerships. They do, however, represent an innovative relationship between the public and private sectors.
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