15 SOEs inflict Rs406bn loss in 1HFY24

ISLAMABAD: The government announced on Friday that 15 state-owned enterprises (SOEs) accounted for 99.3 per cent of cumulative losses during the first six months of FY24, highlighting widespread inefficiencies and operational issues within the SOE sector.

In absolute terms, the cumulative losses of these SOEs were estimated at Rs405.86 billion between July 2023 and December 2023. In contrast, the losses of all other SOEs were Rs2.812bn, according to the Finance Ministry Federal State Owned...