Ministry of Finance Fulfills Another IMF Condition; SOEs’ Six-Month Profit Declines to Rs423.3 Billion Amid Economic Adjustments
ISLAMABAD: The Ministry of Finance has just officially published the detailed bi-annual performance report of State Owned Enterprises (SOEs) for the first half of the fiscal year, as part of another IMF conditionality requirement
The total profits of SOEs, as published by the ministry, fell by 7 percent in the current period, from Rs457.20 billion to Rs423.3 billion.
Key points in the Biannual SOE Report by the ministry of finance.
Total losses of loss making SOEs increased only slightly from Rs342.9 billion to Rs342.8 billion in the July-December 2025 quarter. But for profitable state owned entities, the net profitability shrank by a more significant 30 per cent, from Rs114.3 billion to Rs80.5 billion.
Loss in Equity: Official records indicate the overall equity of the state-owned enterprises shrank by 3%, from Rs6,628.7 billion to Rs6,407.2 billion.Loss in Assets: Official records show that the overall assets of state-owned enterprises fell by 3% from Rs6,628.7 billion to Rs6,407.2 billion. Further, total assets of all SOEs also fell by 2%, from Rs37,729.7 billion to Rs37,107 billion, while the total liabilities experienced a marginal decline of 1%.
IMF Program Compliance: Providing regular transparency reports for state-owned enterprises is a key structural benchmark imposed by the global lender to assure corporate governance and financial health at state-backed companies.