Abstract
World is facing a wave of Privatization in modern form of public administration since late 70’s. Along with the pioneers of privatization (first world), developing countries are also under the umbrella of privatization constituents. However, outcomes of privatization in terms of success are still the question mark. Moreover, Institutional theories and transaction cost theory under the umbrella of social constructionism opens the ground for the discussion on repercussions of Privatization. Hence, Structural Adjustment Programs have been taken as the focal point for the enforcement of Privatization in developing countries. It seems quite evident and conclusive from the history, that it is basically the agenda of Capitalist Sponsored Nations to impose privatization (foreign aid) in developing countries to further devastate them.