Overview
- The finance ministry’s FY2025 review shows net cash returns from SOEs fell 91% to Rs40.7 billion, with net fiscal flow down from Rs458.2 billion to Rs40.7 billion.
- The report records an overall sector net loss of Rs122.9 billion versus Rs30.6 billion a year earlier, indicating a 301% deterioration on that measure.
- Finance Minister Muhammad Aurangzeb says aggregate losses declined over three years to Rs832 billion in FY2025 and cites inflows of Rs2.119 trillion versus outflows of Rs2.078 trillion for a roughly Rs40 billion positive balance.
- Privatisation is being fast‑tracked, with PIA control slated to shift to private sponsors in April, ZTBL headed to the Cabinet Committee on Privatisation, HBFC under review, and advisors appointed to sell five power distribution companies this year.
- Oversight gaps persist as fewer than 36% of SOEs comply with mandatory external audits, while losses remain concentrated in entities such as the National Highway Authority, and profits are chiefly generated by firms like OGDCL, Pakistan Petroleum, WAPDA, and major ports.