SOE Losses Jump Over 300% Despite Rs12 Trillion Revenue

State-Owned Enterprises (SOEs) recorded a sharp surge in losses during FY2024–25 despite generating revenues of over Rs12 trillion, according to the Annual Consolidated Performance Report presented to the Cabinet Committee on SOEs. The meeting was chaired by Finance Minister Muhammad Aurangzeb and reviewed by officials of the Finance Division. The report revealed that overall net losses rose to Rs122.9 billion, a 301 percent increase compared to FY24. Losses remain concentrated in transport and power distribution entities, including the National Highway Authority and several DISCOs. Total SOE debt increased to Rs9.57 trillion, while unfunded pension liabilities reached nearly Rs2 trillion. The committee emphasized governance reforms, audit compliance, and sustainability measures under the SOEs Act 2023.