Pakistan, Oct. 13 -- Finance Minister Muhammad Aurangzeb said on Monday that Pakistan hopes to raise more than $1 billion by privatising another five to six state-owned entities. Speaking in Bangkok during the IMF-World Bank meetings, he said roughly a dozen entities remain in the pipeline, including power distribution companies and airport operations. The announcement follows the transfer of management control at PIA earlier this year.

Pakistan's state-owned enterprises remain a substantial fiscal burden, although the picture is not uniform. Loss-making SOEs posted combined losses of Rs 832.8 billion in FY25, while profitable entities earned Rs709.9 billion. Several state companies continue to make money, and therefore, the problem lies...