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Tag: state-Owned Enterprises (SOEs)

Business
  • Web Desk Karachi
  • Mar 05, 2025
Government aims to eliminate circular debt as PM highlights economic turnaround

Referring to SOEs as “bottomless pits”, he said they required immediate redress and underscored the necessity to eliminate the circular debt within the power sector.

Business
  • Web Desk Karachi
  • Feb 26, 2025
Aurangzeb proposes creation of National Crypto Council for digital currency adoption

The council will play a crucial role in overseeing policy development, addressing regulatory challenges, and ensuring that Pakistan’s digital asset ecosystem develops securely, compliantly, and sustainably.

Business
  • Web Desk Karachi
  • Feb 20, 2025
SOEs aggregate losses decrease by 14.03pc as government support tops Rs1.5 trillion

Collectively, the contributions from these enterprises amounted to Rs2,062 billion. The gross revenue generated by federal SOEs increased by 5.2 percent year-on-year, reaching Rs13,524 billion. While total aggregate profits rose by 14.61 percent year-on-year to Rs820 billion.

Finance Minister, Muhammad Aurangzeb, admitted that several issues still remained regarding Pakistan’s adherence to agreements with the International Monetary Fund (IMF).
Business
  • Web Desk
  • Nov 09, 2024
Finance Minister admits failure to meet IMF agreement terms

Pakistan is mulling over a proposal to elongate the duration of outstanding debt owed by Chinese Independent Power Producers (IPPs), totaling $15.36 billion, by an additional five years.
Business
  • Web Desk
  • May 17, 2024
Pakistan mulls extending Chinese IPP debt payments amid IMF review

Pakistan faces pressure from the IMF to provide transparency regarding its outstanding liabilities concerning pensions, state-owned enterprises and subsidies over the next five years.

Pakistan
  • Web Desk
  • May 15, 2024
Australian High Commissioner calls on Finance Minister

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