Running banks and airlines

THE provinces are already running banks: Bank of Punjab, Sindh Bank and Bank of Khyber. Balochistan is the only province that does not have a bank of its own, but given the precedent, it is bound to go for one as soon as it can. KP and Punjab recently said they would be interested in running their airline as well. A good question to ask here is why. Why should the provinces have their own banks or be running airlines? The federal government is already battling with state-owned enterprises. It has quite a few that are making losses, some even in industries where profits are very possible. Private sector firms make profits in this sector.