ISLAMABAD: While presenting details of the profits and losses of state-owned enterprises (SOEs) in the National Assembly, the Finance Ministry stated that 52 SOEs posted a combined profit of Rs 709.9 billion in FY2025, whereas 25 SOEs incurred losses totalling Rs 832.6 billion, bringing the accumulated losses to Rs 6,563,112 million to date.
According to the report, Pakistan has a total of 107 SOEs, comprising 77 commercial SOEs and 30 non-commercial SOEs. The aggregate revenue of these SOEs in Fiscal Year 2025 was Rs 12,430.99 billion, with total profits amounting to Rs 709.9 billion and aggregate losses at Rs 832.6 billion.
Among the top profit-making SOEs in FY2024–25, Oil and Gas Development Company Limited (OGDCL) earned Rs 169.902 billion (Rs 169,902.51 million), Pakistan Petroleum Limited Rs 89.949 billion (Rs 89,949.34 million), National Bank of Pakistan Rs 56.723 billion (Rs 56,723.35 million), Water and Power Development Authority Rs 52.271 billion (Rs 52,271.14 million), Government Holdings (Private) Ltd Rs 48.503 billion (Rs 48,503.35 million), Karachi Port Trust Rs 35.302 billion (Rs 35,302.06 million), and Port Qasim Authority Rs 35.110 billion (Rs 35,110.44 million).
Conversely, the top loss-making SOEs in FY2024–25 included the National Highway Authority with losses of Rs 294.663 billion (Rs 294,663 million), QESCO Rs 112.744 billion (Rs 112,744 million), PESCO Rs 92.653 billion (Rs 92,653 million), Pakistan Railways Rs 60.317 billion (Rs 60,317 million), PIA Holding Company Ltd Rs 48.938 billion, National Power Parks Management Rs 46.069 billion (Rs 46,069 million), Neelum-Jhelum Hydro Power Company Rs 29.412 billion (Rs 29,412 million), and Pakistan Steel Mills Rs 25.983 billion (Rs 25,983 million).
