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Losses of 52 SOEs rise to Rs. 86bn!

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Latest reports of the Ministry of Finance indicate that 52 out of 420 State Owned Enterprises (SOE) are incurring heavy losses amounting to a staggering Rs. 86 billion annually.

Sources from the ministry say that a list of these loss-making SOEs and figures will be compiled to be tabled before parliament.

The government is also planning to restructure loss bearing SOEs.

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