Posted 12/24/2023, 1:29:12 AM
Pakistan's Loss-Making State Firms' Debts Surge 24% to Rs2.3 Trillion Despite IMF Privatization Push
- Debts and liabilities of Pakistan's loss-making public sector enterprises (PSEs) surged 24.1% in past year to Rs2.33 trillion
- Top 3 loss-making PSEs are PIA (Rs180.6bn debt), WAPDA (Rs92.6bn), and Pakistan Steel (Rs40.3bn)
- Growth comes despite IMF pressure on Pakistan to privatize PSEs
- Caretaker government failed to privatize any PSEs so far
- PSE debts are 2.7% of Pakistan's GDP, posing fiscal burden for government budgets