Profitable SOEs Earn Rs. 423 Billion, Loss-Making Ones Lose Rs. 343 Billion in H1 FY26

Profitable state-owned enterprises generated aggregate profits of Rs. While loss making entities recorded combined losses of Rs, 423.3 billion during the first half of fiscal year 2026.

Key points

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• The figures were presented during a session of the committee, chaired by Finance Minister Muhammad Aurangzeb at the Finance Division.
• The committee additionally approved the appointment of independent directors to vacant positions on the Board of Printing Corporation of Pakistan.
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• According to The committee, the results reflected significant value generated by a number of parts of the state-owned enterprise portfolio.

In practice, the figures were presented during a session of the committee, chaired by Finance Minister Muhammad Aurangzeb at the Finance Division. Minister for Maritime Affairs Junaid Anwar Chaudhry additionally attended the gathering. It reviewed the financial and operational performance of federal state-owned enterprises for July through December 2025.

Meanwhile, the committee was informed that state-owned enterprises contributed Rs. While administration backing to the entities amounted to Rs, 839 billion to the administration during the period. 804 billion. This resulted in a positive net fiscal flow of Rs. 35 billion for the administration. Pakistan Auto Sector Records 20% YoY Expansion in August 2026.

In practice, the Central Monitoring Unit of the Finance Division presented an assessment of the financial performance, profitability, losses, fiscal flows, business intends, governance, financial reporting and progress against key performance targets of state-owned enterprises.

According to The committee, the results reflected significant value generated by a number of parts of the state-owned enterprise portfolio. Nevertheless, it emphasized the need for continued corrective measures and structural reforms in underperforming entities.

Meanwhile, the review identified a number of areas requiring sustained attention, including circular debt, other fiscal risks, operational weaknesses in parts of the power and infrastructure sectors, corporate governance gaps, and the need to improve board effectiveness and accountability.

Meanwhile, the committee pressed the implementation of approved business aims, measurable targets, improved efficiency and timely action against loss making entities. It additionally reviewed the Central Monitoring Unit's digital platform for tracking SOE performance, identifying risks and monitoring progress against targets.

For context, the committee additionally approved the appointment of independent directors to vacant positions on the Board of Printing Corporation of Pakistan. It approved the appointment of the chairman of the Board of Directors of the Indigenous Research and Development Agency in accordance with the State-Owned Enterprises Policy, 2023.

Meanwhile, the committee further approved proposed nominations of independent directors to the Board of Management of Pakistan State Oil Firm Limited under the State-Owned Enterprises Ownership and Management Policy, 2023.

While allowing the State Bank of Pakistan's framework to apply to entities under its regulation, the committee additionally approved an amendment to the State-Owned Enterprises Policy, 2023, to align the monitoring of financial reporting standards with those notified by the Securities and Exchange Commission of Pakistan.

It additionally discussed improving director appointments, reducing delays, expanding the pool of qualified candidates and strengthening screening and training to promote better governance, accountability and financial discipline throughout state-owned enterprises. Stay Connected with ProPakistani.

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For now, profitable SOEs Earn Rs. 423 Billion, Loss-Making Ones Lose Rs. 343 Billion remains the part of the story worth watching, and further updates are likely as more details are confirmed.