Article Type

Article

Description

State owned enterprises in Pakistan have significant market presence, particularly in key service sectors like power generation and distribution, energy, aviation, and railways. The overall revenues of all the SOEs in FY19 was Rs4 trillion (approx) while the book value of their assets was around Rs21 trillion(excluding the financial institutions, the assets of non-financial companies were Rs16 trillion). Powersector companies had assets of Rs7.8 trillion, infrastructure Rs5.3 trillion and oil and gas Rs2.6 trillion. The revenues that year were roughly 10 percent of nominal GDP. Additionally, SOEs provided employment to more than 450,000 people which constitutes around 0.8 percent of the total workforce. Despite their important role in providing essential public goods and services, the financial performance of several SOEs has remained unsatisfactory.

Publication Source

The News

Publication Date

5-13-2022

Pages

1-4

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