New Delhi, Feb 18 (IANS) Plagued by chronic losses and mounting debt, Pakistan’s state-owned enterprises (SOEs) have for years drained public funds that could have been spent on sectors such as healthcare and education, with frequent equity injections, subsidies, loans and sovereign guarantees reducing the pressure on these entities to fix their inefficiencies and instead of reform, the outcome has been a growing pile of liabilities, a Pakistani media article said.Poor political will, coupled …
Latest SOEs News & Updates
New Delhi, Jan 12 (IANS) Facing a severe economic crunch in the absence of political will, net losses of state-owned enterprises (SOEs) in Pakistan surged by 300 per cent, while taxpayer-funded fiscal support surged to Rs 2.1 trillion (local currency), according to a new report.The Tribune Express writes in an Editorial that the “headline numbers are troubling”.“Aggregate SOE revenues fell by Rs 1.4 trillion to Rs 12.4 trillion in FY25, while overall net losses widened sharply to Rs 122.9 …