PIA and PTCL are different entities. If the government had not privatized PTCL, it would have turned into a white elephant by now. Even after privatization the organization had to face a stiff competition from competitors in a deregulated telecom environment. As far as PIA is concerned, it does not have a real competitor. If run efficiently the organization can make profit, but yes I agree with you that the process of privatization should be transparent (and not a means to placate some cronies).