ISLAMABAD: Advisor to the Finance Minister Khurram Schehzad shared an update highlighting progress on key state-owned enterprises (SOEs), noting that significant actions for winding-up or privatisation have been completed over the last six months.
According to details he shared on social media platform X, actions related to Utility Stores Corporation, Pakistan Agricultural Storage and Services Corporation (PASSCO), Pakistan International Airlines (PIA) and First Women Bank have been marked as completed.
He said, first three of the above were giant SOEs with some of the massive loss-incurring fiscal-burdening footprints the government is done with.
The update, titled “Progress on Key State-Owned Enterprises”, stated that the measures form part of the government’s broader reform agenda aimed at improving efficiency, reducing fiscal burden and restructuring loss-making public sector entities.
He further noted that additional initiatives are “in the pipeline” and will be announced soon, signalling continued momentum on SOE reforms under the government’s economic programme.
Earlier on Tuesday, Advisor to the Finance Minister Khurram Schehzad has said that Pakistan’s foreign exchange reserves have reached their highest level since March 2022, underscoring a material strengthening of the country’s external position and a clear break from past, debt-led stabilization
”Quality over quantity: forex reserves rise, import cover improves – without debt buildup/decline in foreign debt-GDP in 2022-2025 vs 2015-2022. Pakistan’s foreign exchange reserves have reached their highest level since March 2022, underscoring a material strengthening of the country’s external position and a clear break from past, debt-led stabilisation cycles”, he posted on his official ’X’ handle.
