Report flags weak governance, 300% loss surge despite Rs2.1tr fiscal supportIMF blocks move to control SOE chiefs. The finance ministry spokesperson did not reply to a request for comments. In February, the finance ministry had also proposed amendments to the Exim Bank law. But the proposal that the board could not hire or fire a president without the finance division's vote sparked debate over bureaucratic control. SOE boards must adhere to merit-based, transparent selection processes that prioritise competence and integrity, as provided under the SOE Act," reads the report.

Source: The Express Tribune March 24, 2026 23:57 UTC