Profits of state-owned enterprises have been declining due to weak government policies and inefficient managerial capacity.

According to the economic survey submitted by the Ministry of Finance, the profit of public enterprises has decreased by 45.42 percent and dividend by 52.33 percent as compared to the last fiscal year.

According to the data released by the Ministry of Finance, out of the 44 public enterprises with full and majority investment of the government, 22 are in profit and 19 are in loss. Net profit of such enterprises , which was Rs. 48.29 billion in the corresponding period of the previous year, has come down to Rs. 26.35 billion.

The government, which has adopted open market economy, has so far privatized 30 corporations. Twelve of the 30 public sector enterprises privatized by the government have been scrapped in line with the government’s policy of making loss-making state-owned enterprises profitable.