Aaj Logo

Published 19 Feb, 2025 11:58pm

State-owned enterprises suffer Rs851.37 billion loss over two years

State-owned enterprises have incurred a staggering loss of Rs851.37 billion over the past two years, bringing their total cumulative losses to Rs5.748 trillion.

According to the performance report for FY 2023-24, the National Highway Authority recorded the highest loss at Rs295.58 billion.

Quetta Electric Supply Company reported a loss of Rs120.45 billion, while Peshawar Electric Supply Company faced a deficit of Rs88.72 billion.

Pakistan International Airlines recorded a loss of Rs73.59 billion, and Pakistan Railways suffered losses amounting to Rs51.37 billion.

Also, read this

OGDCL revives heavy oil well in Chakwal

OGDCL announces new hydrocarbon discovery in Khyber Pakhtunkhwa

Government makes another effort to sell debt-ridden PIA

Sukkur Electric Power Company reported a loss of Rs37 billion, while Lahore Electric Supply Company recorded Rs34.19 billion in losses.

Pakistan Steel Mills incurred losses of Rs31.19 billion.

Islamabad Electric Supply Company faced a deficit of Rs15.80 billion, while Hyderabad Electric Supply Company reported losses of Rs22.20 billion.

Read Comments