Federal Finance Minister Muhammad Aurangzeb has said losses of state-owned enterprises have declined by Rs74 billion over the past three years.
He said aggregate losses stood at Rs905 billion in 2023, adding that the figure fell to Rs851 billion in 2024 and further declined to Rs832 billion in 2025. The finance minister said average daily savings of Rs142 million were recorded during the three-year period.
However, he said that profits of certain entities, including the Oil and Gas Development Company Ltd (OGDCL), registered a decrease. "The government extended support amounting to Rs2.1 trillion to state-owned enterprises. Despite this, a positive inflow of Rs40 billion was recorded in the last fiscal year," said the finance minister.
Muhammad Aurangzeb said 26 state-owned enterprises have been handed over to the Privatisation Commission for divestment, with further privatisation to follow.
He said the Pakistan Public Works Department (Pak PWD), Utility Stores Corporation and Passco have been closed. He stated that subsidy leakages, theft and corruption had been taking place in these institutions.
The finance minister said First Women Bank and Pakistan International Airlines have undergone transparent privatisation. The privatisation of Zarai Taraqiati Bank has entered an advanced stage.
He added that the House Building Finance Corporation and five distribution companies are also set for privatisation.
The pime minister has directed that the privatisation process of state-owned enterprises proceed in a transparent manner, he said.
