Articles for tag: Economic Crisis Pakistan, Fiscal Sustainability Pakistan, FY24 Financial Report, National Highway Authority Losses, Pakistan economy, Pakistan SOE Losses, Power Sector Losses, Public Funds Drain, SOE Restructuring, State-Owned Enterprises Pakistan

Pakistan SOE Losses: Rs 851 Billion Drain on Economy in FY24

By Qudsia Bano ISLAMABAD — Pakistan’s state-owned enterprises (SOEs) reported staggering losses of Rs 851 billion in the fiscal year 2023-24 (FY24), raising alarms over their financial sustainability and impact on the national economy.  The power sector emerged as the biggest drain on public funds, despite repeated government interventions through subsidies and grants. Staggering Losses ...