SOEs

State-owned enterprises (SOEs) are the backbone of the economy in any country. In Pakistan, there are around 197 SOEs or PCs (Public Sector enterprises). As per the OECD (Organization for Economic Cooperation and Development), there are five types of state ownership models, Pakistan follows the “decentralized” model of ownership where “no one single institution or state actor acts on the responsibilities of the ownership function. Public perception often perceives line-ministries to be de facto running the SOE as an extension of their ministerial powers."

In Pakistan, the lack of capacity of line-ministries has meant that this model has not produced the desired efficiency for SOEs or the overall economy. In a nutshell, the government must do its utmost to facilitate the SOEs in order to maintain the economy of the country.

Kaleemullah Khoso

Kashmore