Pakistan, June 28 -- ISLAMABAD - Pakistan's state-owned enterprises (SOEs) are losing nearly Rs1.9 billion every day, with total accumulated losses now reaching Rs5.8 trillion, sparking alarm within the federal government.

In a recent meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs), chaired by Finance Minister Muhammad Aurangzeb, officials presented a bleak report covering July to December 2024. The Central Monitoring Unit revealed that just in these six months, SOEs lost Rs342 billion, adding to the financial strain on the national budget.

Meanwhile, circular debt in the oil, gas, and power sectors has crossed Rs4.9 trillion, severely affecting cash flow and the financial stability of energy-related SOEs. The gove...