{"id":102145,"date":"2025-05-05T15:15:28","date_gmt":"2025-05-05T10:15:28","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=102145"},"modified":"2025-05-06T11:35:21","modified_gmt":"2025-05-06T06:35:21","slug":"state-owned-enterprises-under-scrutiny","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html","title":{"rendered":"State-Owned Enterprises under scrutiny as PM orders performance audit"},"content":{"rendered":"\n<p>Islamabad: Prime Minister Shehbaz Sharif has directed all federal ministries and divisions to strengthen oversight of State-Owned Enterprises (SOEs) and their affiliated bodies, following alarming reports of sustained financial losses and governance failures.<\/p>\n\n\n\n<p>The directive comes after a Ministry of Finance report revealed that SOEs collectively suffered losses amounting to Rs851 billion in fiscal year 2024. Although this marks a 14.03% reduction from the previous year, the total accumulated losses since 2014 have reached Rs5.9 trillion.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/wp-admin\/post.php?post=70661&amp;action=edit\">Cabinet approves law<\/a><a href=\"https:\/\/www.zameen.com\/news\/wp-admin\/post.php?post=70661&amp;action=edit\" target=\"_blank\" rel=\"noreferrer noopener\"> <\/a><a href=\"https:\/\/www.zameen.com\/news\/cabinet-approves-law-reform-state-owned-enterprises.html\">to reform state-owned enterprises<\/a><\/p>\n\n\n\n<p>The biggest contributor to these losses was the National Highway Authority (NHA), which posted a deficit of Rs295.5 billion. Other major loss-making entities included Quetta Electric Supply Company (QESCO) at Rs120.4 billion and Peshawar Electric Supply Company (PESCO) at Rs88.7 billion. Pakistan International Airlines (PIA), Pakistan Railways, and Pakistan Steel Mills also remain among the worst-performing SOEs.<\/p>\n\n\n\n<p>In response, the Prime Minister has instructed ministers and secretaries to implement a robust monitoring mechanism. A letter issued by PM\u2019s Advisor Dr Tauqeer Shah noted the inadequate oversight of SOEs, which has led to widespread operational inefficiencies, violations in procurement practices, and incidents of corruption.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/govt-launches-privatisation-process-for-pia.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt launches privatisation process for PIA<\/a><\/p>\n\n\n\n<p>To address these concerns, the Prime Minister has ordered the formulation of Key Performance Indicators (KPIs) for each SOE and statutory body. Ministries will also be required to conduct pre- and post-briefings for Board meetings, allowing for more informed decision-making and timely corrective actions.<\/p>\n\n\n\n<p>Officials said the new oversight structure is aimed at enhancing transparency, accountability, and performance across Pakistan\u2019s public sector enterprises.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Prime Minister Shehbaz Sharif has directed all federal ministries and divisions to strengthen oversight of State-Owned Enterprises (SOEs) and their affiliated bodies, following alarming reports of sustained financial losses and governance failures. The directive comes after a Ministry of Finance report revealed that SOEs collectively suffered losses amounting to Rs851 billion in fiscal year 2024. Although this marks a 14.03% reduction from the previous year, the total accumulated losses since 2014 have reached Rs5.9 trillion. Read: Cabinet approves law to reform state-owned enterprises The biggest contributor to these losses was the National Highway Authority (NHA), which posted a deficit of Rs295.5 billion. Other major loss-making entities included Quetta Electric Supply Company (QESCO) at Rs120.4 billion and Peshawar Electric Supply Company (PESCO) at Rs88.7 billion. Pakistan International Airlines (PIA), Pakistan Railways, and Pakistan Steel Mills also remain among the worst-performing SOEs. In response, the Prime Minister has instructed ministers and secretaries to implement a robust monitoring mechanism. A letter issued by PM\u2019s Advisor Dr Tauqeer Shah noted the inadequate oversight of SOEs, which has led to widespread operational inefficiencies, violations in procurement practices, and incidents of corruption. Read: Govt launches privatisation process for PIA To address these concerns, the Prime&hellip;<\/p>\n","protected":false},"author":18,"featured_media":100274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[64238,64448,64445,64450,12669,6179,34475,64446,19378,6357,64447,64449,61118,59609,37587],"persona":[],"class_list":{"0":"post-102145","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-accountability","9":"tag-governance-reforms","10":"tag-government-oversight","11":"tag-kpis","12":"tag-ministry-of-finance","13":"tag-nha","14":"tag-pakistan-economy","15":"tag-performance-audit","16":"tag-pesco","17":"tag-pia","18":"tag-public-sector-losses","19":"tag-qesco","20":"tag-shehbaz-sharif","21":"tag-soes","22":"tag-state-owned-enterprises","23":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>State-Owned Enterprises under scrutiny - Zameen News<\/title>\n<meta name=\"description\" content=\"The biggest contributor to these losses was the NHA, which posted a deficit of Rs295.5 billion. Other major loss-making...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State-Owned Enterprises under scrutiny - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The biggest contributor to these losses was the NHA, which posted a deficit of Rs295.5 billion. Other major loss-making...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-05T10:15:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-06T06:35:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/10\/News-Cover-1170x40014-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"State-Owned Enterprises under scrutiny - Zameen News","description":"The biggest contributor to these losses was the NHA, which posted a deficit of Rs295.5 billion. Other major loss-making...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html","og_locale":"en_US","og_type":"article","og_title":"State-Owned Enterprises under scrutiny - Zameen News","og_description":"The biggest contributor to these losses was the NHA, which posted a deficit of Rs295.5 billion. Other major loss-making...","og_url":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2025-05-05T10:15:28+00:00","article_modified_time":"2025-05-06T06:35:21+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/10\/News-Cover-1170x40014-1.jpg","type":"image\/jpeg"}],"author":"Samra Zulfiqar","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Samra Zulfiqar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html"},"author":{"name":"Samra Zulfiqar","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293"},"headline":"State-Owned Enterprises under scrutiny as PM orders performance audit","datePublished":"2025-05-05T10:15:28+00:00","dateModified":"2025-05-06T06:35:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html"},"wordCount":265,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/10\/News-Cover-1170x40014-1.jpg","keywords":["accountability","Governance Reforms","Government Oversight","KPIs","Ministry of Finance","NHA","Pakistan economy","Performance Audit","PESCO","PIA","Public Sector Losses","QESCO","Shehbaz Sharif","SOEs","State-owned enterprises"],"articleSection":["New Developments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html","url":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html","name":"State-Owned Enterprises under scrutiny - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/10\/News-Cover-1170x40014-1.jpg","datePublished":"2025-05-05T10:15:28+00:00","dateModified":"2025-05-06T06:35:21+00:00","description":"The biggest contributor to these losses was the NHA, which posted a deficit of Rs295.5 billion. Other major loss-making...","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/10\/News-Cover-1170x40014-1.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/10\/News-Cover-1170x40014-1.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/state-owned-enterprises-under-scrutiny.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"State-Owned Enterprises under scrutiny as PM orders performance audit"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293","name":"Samra Zulfiqar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","caption":"Samra Zulfiqar"},"description":"Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market\u2019s most promising opportunities.","url":"https:\/\/www.zameen.com\/news\/author\/samra"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/102145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=102145"}],"version-history":[{"count":2,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/102145\/revisions"}],"predecessor-version":[{"id":102152,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/102145\/revisions\/102152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/100274"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=102145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=102145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=102145"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=102145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}