ISLAMABAD — The federal government has accelerated the privatization process of Hyderabad Electric Supply Company (Hesco) and Sukkur Electric Power Company (SEPCO) following pressure from the International Monetary Fund (IMF) to ensure timely completion, sources said. Read More: Govt launches privatisation process for five DISCOs under IMF reforms Authorities have directed financial advisers appointed for both power distribution companies […]
SOEs Pakistan
Pakistan’s state-owned enterprises losses surge in FY25 despite profit gains elsewhere
ISLAMABAD: Pakistan’s state-owned enterprises posted sharply higher losses in FY2025, with aggregate net losses surging by 300% year-on-year, according to a finance ministry report cited by The News on Saturday. Read More: SOE financial losses surge threefold despite reforms Overall net losses rose to Rs123 billion in FY25, compared with Rs30.6 billion in FY24. A […]