BMP says concerned at deteriorating financial position of SOEs

The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has expressed grave concern over the deteriorating financial position of State-Owned Entities (SOEs), stating that the absorption of Rs2.1 trillion during FY25 - nearly 16 percent of the Rs12.97 trillion tax revenue collected by the federal government - is a stark indicator of deep-rooted structural weaknesses in the public sector. FPCCI President and Chairman of the Businessmen Panel, Mian Anjum Nisar, said the latest financial data reveals an unsustainable fiscal pattern that is steadily squeezing productive sectors of the economy. He observed that the reported net adjusted loss of Rs122.9 billion in FY25, compared with Rs30.6 billion in the preceding year, reflects a worrying decline in overall financial performance. Aggregate profits have shrunk while liabilities continue to mount, pushing the total debt portfolio of SOEs beyond Rs9.5 trillion.