Efforts under way to rid economy of loss-making SOEs: advisor to PM

Advisor to the Prime Minister on Privatisation Muhammad Ali said the government is trying its level best to get rid of loss-making state-owned enterprises, which created a huge financial burden on the national exchequer. The advisor stated this while addressing the ICAP CFO Conference 2026 held under the theme of “The New Playbook – Adapt, Innovate, Elevate” here on Thursday. He said that to catalyse growth in the economy, reforming SOEs is the need of the hour. He said the losses incurred by the SOEs not only increase the government liabilities but also slow down the economic growth. He said the amount that the government spends on SOEs should be diverted to sectors like health and education.