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Cash bleeding SOEs face loss of Rs429 bn in two years — II


Cash bleeding SOEs face loss of Rs429 bn in two years II
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March 10, 2021
ISLAMABAD: The line ministry for all SOEs in the oil and gas sector is M/o Energy. The Petroleum Division of M/o Energy deals with oil and gas sector while the power sector companies are under the purview of Power Division. These include oil and gas (8), exploration & development (3), marketing & distribution (3), refineries (2). Overall, the oil and gas companies remain the backbone of the GoP SOE portfolio and have consistently remained on the forefront of new exploration initiatives, even in the frontier areas. It is expected that with enhanced pricing initiatives and improved law and order situation, the oil and gas entities will fare better in the years to come. Overall, this sector witnessed 26 percent increase in net revenue compared to the last year. The net profit stands at Rs242 billion with sub sector exploration leading with net profit of Rs212 billion. ....

Cabinet Division , Human Resource Development , Pakistan Television Corporation Limited , Processing Zone Authority , National Construction , Renewable Energy , National Food Security , Pakistan Broadcasting Corporation , Broadcasting National Heritage , Energy Power Division , Power Division , Pakistan Agricultural Storage Services Corporation Limited , Petroleum Division , Pakistan Revenue Automation Private , Utility Stores Corporation Private Limited , National Fertilizer Corporation , Pakistan Tourism Development Corporation , Trading Corporation Of Pakistan Private Limited , Employment Corporation Private , Services Corporation , Trading Corporation Of Pakistan , Floating Storage , Regasification Unit , Companies Act , Conventional Power Plants , Renewable Energy Projects ,

Time to inject SA with a bit of free-market medicine as SOE failure gains momentum - FMF


Chris Hattingh lays out the realities of the South African economy and how the people to whom the government promises prosperity at every turn, are still struggling. He agrees that a free market economy is not a panacea, but at least, it offers dignity and agency to citizens. If the government truly believes in the power of the people, then why is its ideology so paternalist? The government needs to stop throwing money into SOEs and whittling away at economic freedoms, Hattingh says, and take some free-market medicine. – Melani Nathan 
“Power to the people” means economic freedom, not state paternalism ....

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