The PML-N-led unity government has decided to get rid of financial losses in federal state-owned enterprises, as a policy statement to close non-profit departments was given by Prime Minister Shehbaz Sharif himself after a cabinet meeting.
Annual losses of state institutions (in billions) | 905 | |
% rise in losses in FY 2022-23 | 23% increase | |
Energy sector losses | 304 | |
Government financial assistance | 1021 | |
Energy sector assistance | 759 | |
Losses of Railways and NHA in 10 years | 5595 | |
Circular debt | 4000 | |
Profit of some government institutions in last fiscal year | 703 | |
Net losses | 202 | |
Book value of government institution assets | 35218 | |
Dues of government institutions | 29721 | |
Interest on NHA debt | 1100 | |
Losses in FY 2022-23 (23 institutions) | 905 | |
NHA losses | 413.45 | |
Quetta Electric losses | 88.48 | |
Peshawar Electric losses | 80.59 | |
PIA losses | 75.75 | |
Pakistan Railways losses | 48.53 | |
Lesco losses | 30.83 | |
Sukkur Electric losses | 30.66 | |
Pakistan Steel Mills losses | 25.45 | |
Other institutions facing losses | Mepco, Sui Southern, Hyderabad Electric, PTCL, Fesco, IESCO, Gencos, Post Office, PBC, Pakistan Expo, Prall, State Engineering Corporation | |
Profit of government enterprises (16) | 703.26 | |
OGDCL profit | 224.62 | |
Pakistan Petroleum Limited profit | 97.22 | |
Pak Arab Refinery Company profit | 66.59 | |
National Bank of Pakistan profit | 53.321 | |
Other profitable institutions | Government Holdings, National Power Parks, National Shipping, Port Qasim, GEPCO, Pak Kuwait Investment, State Life, NTDC, Sui Southern, WAPDA, Tribal Electric Company |