Govt to privatise 44 entities by 2025 IMF-backed report reviews 84 commercial state-owned enterprises Moreover, the sum of losses of top-10 loss-making SOEs contributes around 90% to the total losses of SOEs portfolio each year. PHOTO: FILE ISLAMABAD: The International Monetary Fund (IMF)-backed first review of Pakistan’s bleeding public sector enterprises has identified 44 entities for privatisation, including the power companies that are causing big losses, despite a 50% reduction in losses in the first year of current government. The review of 84 commercial state-owned enterprises (SOEs) has been completed as part of the structural benchmarks set by the IMF and supported by the World Bank and the Asian Development Bank (ADB), according to the “SOEs Triage: Reforms and Way Forward” report that the Ministry of Finance released on Thursday.