The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Friday approved a Public Service Obligation (PSO) Agreement for power distribution companies (WX-DISCOs), a move aimed at formalising service commitments in line with Pakistan’s agreements with international financial institutions, while also clearing key board appointments at the Pakistan National Shipping Corporation (PNSC) and the Indigenous Research and […]
Cabinet Committee on State-Owned Enterprises (CCoSOEs)
SOE losses, pension liabilities cross Rs7.5 trillion, exceeding defence and development budgets
ISLAMABAD – Pakistan’s state-owned enterprises (SOEs) continue to bleed financially, with total accumulated losses and unfunded pension liabilities now crossing Rs7.5 trillion. This amount is nearly three times the defence budget and over seven times the national development budget for the current fiscal year. The Ministry of Finance revealed these alarming figures during a meeting […]