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Pakistan's SOEs Suffer Rs122.9 Billion Losses Amid Fiscal Crisis

2/15/2026

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Summary

Story summary

Pakistan's State-Owned Enterprises (SOEs) posted net adjusted losses of Rs122.9 billion for FY25, up from Rs30.6 billion in FY24.
The government collected Rs12.97 trillion in taxes but funneled Rs2.1 trillion back to SOEs, causing a net fiscal flow drop of 91%.
SOEs' aggregate profits fell 13% to Rs709.9 billion despite debt rising to Rs9.2 trillion.

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Story summary

Pakistan's State-Owned Enterprises (SOEs) posted net adjusted losses of Rs122.9 billion for FY25, up from Rs30.6 billion in FY24.
The government collected Rs12.97 trillion in taxes but funneled Rs2.1 trillion back to SOEs, causing a net fiscal flow drop of 91%.
SOEs' aggregate profits fell 13% to Rs709.9 billion despite debt rising to Rs9.2 trillion.