Pakistan's state-owned enterprises report record annual losses of Rs 905 billion

Islamabad: State-owned enterprises in Pakistan have reported staggering annual losses amounting to 905 billion rupees, marking a significant 23% increase from the previous fiscal year.
According to a financial report, the energy sector alone incurred losses of 304 billion rupees, despite government interventions totaling 1,021 billion rupees across various sectors, including energy distribution companies.
Over the past decade, losses in entities like Railways and the National Highway Authority (NHA) have surpassed 5.595 trillion rupees, exacerbating the country's financial challenges.
The report also highlights a substantial increase in revolving debt, exceeding 4 trillion rupees due to persistent deficits. Despite some government institutions generating profits amounting to 703 billion rupees last year, net losses still reached 202 billion rupees.
With assets valued at 35.218 trillion rupees, government institutions face mounting liabilities, which have risen by 20% to 29.721 trillion rupees, underscoring ongoing fiscal pressures.
These developments underscore the urgent need for strategic reforms to stabilize Pakistan's state-owned enterprises and mitigate financial losses.