IMF has only suggested to reduce the government’s and SOEs’ role in the economy as it is important for a more efficient allocation of resources, foster competition, and boost productivity, IMF’s EFF-supported program report revealed.

The total loss of the key 52 SOEs was Rs.726.9 billion for the first eight months of 2022 of which 31 SOEs recorded a profit before tax of Rs. 134.9 billion and the balance, 21 SOEs reported a net loss of Rs. 861.7 billion.

The government was harping only on selling government property, excluding the most important proposals made by the International Monetary Fund, several economic experts said

This commercialization program was pending for over four decades due to strong protests of left wing political parties and opposition political parities along with some civil society organizations.

Now the government has ventured into the handing over of SOE’s to the private sector, there must be a strong regulation mechanism and some independent regulatory authorities, they claimed. .

The SOEs that should be closed down, amalgamated, privatized and continued under state ownership will have to be identified through a management auditing process, several experts suggested