Finance Minister Muhammad Aurangzeb has termed as “alarming” the reported Rs 5.89 trillion losses incurred by state-owned enterprises (SOEs) in the first half of FY 2024-25, pledging to privatise eight SOEs within the year. Speaking in the Senate on a calling attention notice, Aurangzeb said losses equalled nearly half of last year’s Rs 12 trillion national revenue.
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He confirmed that 24 SOEs have been approved for privatisation in three phases, with the first eight to be sold this year after clearance by the Cabinet Committee on Privatisation. He highlighted Sindh’s public-private partnership model and said private sector professionals are being appointed as SOE board chairs.
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Three power distribution companies are already in the process, showing “good results,” Aurangzeb noted. He added that cabinet committees on SOEs and rightsizing are working across 43 ministries and 400 departments.
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Meanwhile, the Senate passed the Anti-Dumping Duties (Amendment) Bill, 2025, while opposition senators protested PTI lawmakers’ convictions and walked out. The Senate remains without an opposition leader following Shibli Faraz’s disqualification.
