Pakistani SOEs report Rs408 billion losses; government considers restructuring or privatization.
Pakistan's state-owned enterprises (SOEs) reported significant losses totaling Rs408 billion in the first half of fiscal year 2024, with the National Highway Authority suffering the largest loss at Rs151.3 billion. Despite some profitable entities, the overall losses have accumulated to Rs5.9 trillion since 2014. The government has extended fiscal support of Rs436 billion and formed a committee to consider restructuring or privatization of SOEs to address financial and operational inefficiencies.
3 months ago
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