Tag Archives: Loss-making state-owned enterprises adding to govt debt: WB

ISLAMABAD: The total liabilities of the state-owned enterprises (SOEs) that made a loss in three out of the five past years have been about 8 to 12 per cent of GDP in recent years, several times more than the country’s public spending on education in 2019-20. Describing the percentage liabilities to GDP as ‘remarkably high’, the World Bank report, “Hidden Debt: …

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