During the fiscal year 2022-23, the National Highway Authority (NHA) and the power sector emerged as the top loss-making entities, according to the “Aggregate Annual Report of Central Monitoring Unit on SOEs”.
The NHA incurred the highest losses at Rs413.454 billion, followed by the power sector with Rs285 billion in losses.
Among the power companies, Quetta Electric Supply Company Limited reported losses of Rs88.487 billion, followed by Peshawar Electric Supply Company Limited at Rs80.595 billion. Other significant losses included Lahore Electric Supply Company Limited (Rs30.839 billion), Sukkur Electric Power Company Limited (Rs30.667 billion), Multan Electric Power Company Limited (Rs23.372 billion), Hyderabad Electric Supply Company Limited (Rs15.640 billion), and Faisalabad Electric Supply Company Limited (Rs14.983 billion).
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Islamabad Electric Supply Company Limited reported losses of Rs666 million.
Pakistan International Airlines Corporation faced losses of Rs75.755 billion, while Pakistan Railways reported losses of Rs48.534 billion. Pakistan Steel Mills Corporation (Private) Limited registered losses amounting to Rs25.455 billion.
Sui Southern Gas Company Limited reported losses of Rs17.350 billion, and Pakistan Telecommunication Company Limited faced losses of Rs15.544 billion.
Other entities with notable losses included GENCO-II (Rs14.170 billion), GENCO-III (Rs3.240 billion), Pakistan Post Office (Rs3.234 billion), Pakistan Broadcasting Corporation (Rs1.617 billion), GENCO-I (Rs910 million), GENCO-IV (Rs480 million), Pakistan Expo Centres (Pvt) Ltd (Rs181 million), Pakistan Revenue Automation (Private) Limited (Rs165 million), and State Engineering Corporation (Private) Limited (Rs32 million).
