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Author: News Desk

  • Pakistan’s SOEs post Rs832.8bn losses in FY25 despite higher goverment backing

    Pakistan’s SOEs post Rs832.8bn losses in FY25 despite higher goverment backing

    Pakistan’s State-Owned Enterprises (SOEs) recorded aggregate losses of Rs832.848 billion during fiscal year 2025, taking cumulative losses to Rs6.563 trillion, according to the Federal State-Owned Enterprises Annual Aggregate Report for FY25.

    The report, covering the period from July 2024 to June 2025, was released by the Central Monitoring Unit of the Finance Division. It states that equity erosion among loss-making SOEs averaged around Rs3 billion per day during the year.

    A total of 25 SOEs reported losses during FY25. The National Highway Authority recorded the highest loss at Rs294.9 billion. This was followed by Quetta Electric Supply Company with losses of Rs112.7 billion and Peshawar Electric Supply Company at Rs92.7 billion. Pakistan Railways reported losses of Rs60.3 billion, while PIA Holding Company Limited posted losses of Rs48.9 billion.

    Other entities reporting losses included National Power Parks Management Company (Rs46.1 billion), Neelum Jhelum Hydropower Company (Rs29.4 billion), Pakistan Steel Mills (Rs26.0 billion), and Sukkur Electric Power Company (Rs25.3 billion). Losses were also reported by Pakistan Post Office (Rs19.3 billion), Pakistan Agricultural Storage and Services Corporation (Rs19.0 billion), Hyderabad Electric Supply Company (Rs12.9 billion), Lahore Electric Supply Company (Rs12.7 billion), and GENCO-II (Rs10.3 billion).

    Entities reporting smaller losses included National Insurance Company (Rs2.9 billion), CPPA-G (Rs2.0 billion), Islamabad Electric Supply Company (Rs1.4 billion), Pakistan Television Corporation (Rs0.6 billion), Private Power and Infrastructure Board (Rs0.47 billion), Pakistan Expo Centres (Rs0.22 billion), Hazara Electric Supply Company (Rs0.04 billion), National Construction Limited (Rs0.03 billion), and Pakistan Broadcasting Corporation (Rs0.03 billion).

    The report shows that aggregate profits declined by 13 percent, falling from Rs820.7 billion in FY24 to Rs709.9 billion in FY25. The decline was attributed to lower financial contributions from profit-making SOEs in the oil sector following a decrease in international oil prices. Aggregate losses declined by 2 percent year-on-year, from Rs851.4 billion to Rs832.8 billion. The net adjusted position resulted in a loss of Rs122.9 billion in FY25, compared with Rs30.6 billion in the previous year.

    SOEs’ balance sheet data showed mixed movements. Total equity increased by 7 percent to Rs6,245.7 billion, driven by recapitalisation measures and equity injections, primarily in the power sector to address circular debt. Total liabilities declined by 3 percent to Rs31,742.4 billion. Total assets fell marginally by 1 percent to Rs37,988.1 billion.

    Profit-making SOEs reported combined profits of Rs709 billion during FY25. The largest contributors included Oil and Gas Development Company Limited with Rs169.9 billion, Pakistan Petroleum Limited with Rs89.9 billion, National Bank of Pakistan with Rs56.7 billion, Water and Power Development Authority with Rs52.3 billion, and Government Holdings (Private) Limited with Rs48.5 billion.

    Other contributors included Karachi Port Trust (Rs35.3 billion), Port Qasim Authority (Rs35.1 billion), Pak Arab Refinery Company (Rs22.2 billion), Pakistan National Shipping Corporation (Rs20.4 billion), State Life Insurance Corporation (Rs14.8 billion), SNGPL (Rs14.6 billion), Pakistan State Oil (Rs14.2 billion), Gujranwala Electric Power Company (Rs13.7 billion), Zarai Taraqiati Bank Limited (Rs9.7 billion), Saindak Metals (Rs8.4 billion), NTDC (Rs7.6 billion), SSGPL (Rs7.4 billion for nine months), and PIACL (Rs6.8 billion for six months). Nearly 90 percent of total profits were generated by a limited number of entities.

    Government fiscal support to SOEs increased to Rs2,078.5 billion in FY25, up 37 percent from Rs1,512.9 billion in the previous year. Equity injections rose to Rs728.9 billion, largely linked to power-sector circular debt clearance and payments to independent power producers. Government loans increased by 34 percent to Rs354.1 billion.

    Grants declined by 27 percent to Rs269.2 billion, while subsidies fell by 7 percent to Rs726.3 billion. Sovereign guarantees rose to Rs2,164.0 billion, reflecting accounting recognition of self-liquidating guarantees.

    During FY25, the federal government collected Rs12,970 billion in tax revenue, of which around Rs2,078 billion, or 16 percent, was directed to SOEs. SOEs contributed Rs2,119.2 billion to the federal government, up from Rs1,971.2 billion a year earlier. Dividends increased to Rs149.6 billion, while tax collections from SOEs rose to Rs436.9 billion. Non-tax revenues declined to Rs1,264.9 billion.


    Circular debt declined to Rs3,929 billion on a full-accrual basis. Power-sector circular debt fell to Rs1,889.9 billion, while gas-sector circular debt remained near Rs2.0 trillion.

  • Tanvir Ahmed fires back at Harbhajan Singh after he calls him ‘tuccha’

    Tanvir Ahmed fires back at Harbhajan Singh after he calls him ‘tuccha’

    Former Pakistan pacer Tanvir Ahmed has launched a scathing counterattack on Harbhajan Singh, accusing the Indian spinner of hypocrisy and double standards after their public feud spiraled into a full-blown war of words.

    The conflict began when Tanvir criticised Harbhajan over an interview with Pakistani cricketer Usman Tariq during the ILT20. Harbhajan responded with a strongly-worded video where he called Tanvir a “tuccha insaan” (petty human being) and used language that many considered below the belt.

    Not one to back down, Tanvir released a fresh video hitting back at the former India off-spinner with pointed accusations about his professional conduct and personal integrity.

    “You say you’re doing commentary, but then you ask the broadcasters that you will ignore Usman Tariq. Tu dogla aadmi hai (You’re a two-faced person),” Tanvir said in the video that has since gone viral on social media.

    The former Pakistan international, who played five Tests, two ODIs and one T20I, questioned Harbhajan’s contradictory stance toward Pakistani cricketers.

    “You tell Indian players not to shake hands with Pakistani players, yet you sit in commentary with Pakistani players. If you call yourself an honest man, you should have clearly said that you wouldn’t stand with him, talk to him, or shake hands with him. Either don’t do commentary with Pakistani players, or if you choose to do it, then be prepared to hear such criticism,” he added.

    Tanvir went on to challenge Harbhajan’s claim about his lack of manners, turning the accusation back on the Indian legend.

    “You’re accusing me of having no manners, but first look at yourself. You’ve played more cricket than I have, now tell me about your own manners. The words you used for me in your video, I have never spoken like that about you,” Tanvir stated.

    The Pakistani cricketer made it clear he was showing restraint this time but warned Harbhajan against repeating his harsh language in future.

    “And the things you said about me at the end of your video, this time I’m showing restraint and respect. But if you repeat this again, I won’t stay quiet. I’ll respond strongly and show you exactly what manners I have, or don’t have. Keep that in mind,” he warned.

  • Imran Khan to be shifted to Islamabad jail: Mohsin Naqvi

    Imran Khan to be shifted to Islamabad jail: Mohsin Naqvi

    The PML-N led federal government plans to transfer former prime minister Imran Khan from Rawalpindi’s Adiala Jail to a new prison facility in Islamabad once construction is completed within the next two months, Interior Minister Mohsin Naqvi said on Friday.

    Speaking at a passing-out ceremony of Islamabad Police, Naqvi stated that the Islamabad jail would be operational within two months and that all medical facilities would be available inside the premises.

    “Since Imran Khan was sentenced by a court in Islamabad, he will be moved to Islamabad Jail,” the minister said.

    At present, there is no jail facility in the federal capital. The former prime minister has been detained at Adiala Jail since September 2023.

    The development comes a day after the federal government assured the Supreme Court (SC) that Khan would be given access to specialist eye doctors for a fresh medical evaluation. The government also informed the court that he would be allowed telephonic contact with his sons, Kasim and Sulaiman.

    The assurance followed a report submitted by Salman Safdar Advocate, who met Khan at Adiala Jail on Tuesday in his capacity as amicus curiae appointed by the Supreme Court. A seven-page report was submitted the next day, detailing the former premier’s living conditions in custody.

    According to the report, Khan stated that despite receiving treatment, including an injection, he had been left with only 15 percent vision in his right eye.

    The report triggered statements from the Pakistan Tehreek-e-Insaf (PTI), which alleged that its founder was being kept in solitary confinement in violation of national and international laws.

  • Harcharan Singh becomes Pakistan Army’s first Sikh lieutenant colonel

    Harcharan Singh becomes Pakistan Army’s first Sikh lieutenant colonel

    Pakistan Army officer Harcharan Singh has been promoted to the rank of lieutenant colonel after a selection board evaluation conducted in late 2025.

    He was born in 1987 in Nankana Sahib, the birthplace of Guru Nanak. Singh and joined the Pakistan Army in 2007 at the age of 20 and was commissioned into the Ordnance Corps.

    He later volunteered for a combat role and was transferred to the 12th Battalion of the Baloch Regiment, where he served as a Major in operational environments and sensitive border regions.

    Punjab Minister for Minorities Affairs Ramesh Singh Arora confirmed the promotion. He said members of minority communities have served in the military before, but this qualification level has not previously been reached by Sikh and Hindu officers.


    “Lt Col Singh’s achievement has proved that there is no barrier for the minorities in Pakistan, and that only talent speaks and sets the parameters for success. Lt Col Singh is an example of equality of all religions and unity in Pakistan. We, as part of the Sikh community, will give him a rousing welcome when he visits his hometown next,” he said.


    Mastan Singh, the former president of Pakistan Sikh Gurdwara Parbandhak Committee (PSGPC) said, “Lt Col Singh is the pride of Baba Nanak’s city and the whole Sikh community, as well,” he said. At present, Lt Col Singh is posted at Abbottabad in Khyber Pakhtunkhwa. 

    According to available figures, 22 non-Muslim soldiers of Pakistan lost their lives during the war against terrorism. Officials say the promotion reflects a merit-based process in the armed forces.

  • Mughal-era structure near Islamabad demolished days after World War I memorial

    Mughal-era structure near Islamabad demolished days after World War I memorial

    Following the demolition of a World War I memorial in Islamabad, the remains of a Mughal-era building in Rehara village have also been destroyed to make way for a private housing project.

    The 16th-century structure was located about 200 meters from the British-era obelisk at the archaeological site. According to the Department of Archaeology and Museums (DOAM), the building was possibly constructed during the reign of Mughal Emperor Akbar and was the oldest historical ruin in the area.

    A DOAM official told a private media outlest that the building’s above-ground arch and the remaining structure, including an 8×4.5 meters main chamber with 1.5-meter-thick walls built from limestone and sandstone blocks, had been demolished. “These elements required careful excavation,” the official said.

    A departmental team that visited the site confirmed that the remnants, visible in earlier photographs, had been completely removed.

    Documents reviewed by a private media outlet show that the Department of Archaeology and Museums (DOAM) had written to the Capital Development Authority (CDA), the developing partner of the housing scheme, seeking records to enable protection of historical sites. The department said it had been corresponding with CDA’s revenue department since 2020 regarding the war memorial and the Mughal-era Rehara structure.

    An official from the Ministry of National Heritage and Culture said, “The CDA has not once responded to the numerous letters DOAM has written in the last six years.”

    DOAM has clarified its position regarding the World War I monument, stating that it was not protected under the Antiquities Act 1975 and that a no-objection certificate was not required for its removal. Earlier, the department had claimed it did not permit CDA to demolish the monuments.

    The department added that while the monument was within Islamabad Capital Territory, efforts were being made to place it under formal protection. DOAM cited lack of finances and other legal requirements as reasons why the memorial could not be notified as a protected site.

    In a statement, DOAM said, “The monument possesses cultural and historical significance. In line with internationally recognised best practices for commemorative and historical structures, DOAM was consulted and provided advisory guidance to first protect the monument under the Antiquities Act 1975, but it was not done.”

    The department also stated, “It is better to re-erect the monument at the same place with grace and dignity as it was erected for the same village of Rehara.”

  • ‘Pakistani mard aur bakwas naa karay?’ Internet in frenzy after Zayn Malik says he was never in love Gigi Hadid

    ‘Pakistani mard aur bakwas naa karay?’ Internet in frenzy after Zayn Malik says he was never in love Gigi Hadid

    Singer Zayn Malik has reignited debate over his past relationship with Gigi Hadid, sending the internet into a frenzy.

    Appearing on Alex Cooper’s podcast, Malik, who dated Hadid for six years and has a daughter with her, said he is unsure he ever loved her.

    “I don’t feel like it was love,” Malik said when asked if he still stood by a comment he made two years ago.

    “I will always love G, because she’s the reason my child is on this Earth, and I have the utmost respect for her. I will always love her, but I don’t know if I was ever IN love with her.”

    Malik’s remarks immediately drew reactions online, with users questioning the nature of his past relationship.

    Many highlighted the public and personal stakes of his statement as one user wrote, “Relationships with men are a humiliation ritual.”

    Another said, “Imagine being in a relationship and having a kid together just for him to say that he was never in love with you. Men are just evil.”

    The timing of Malik’s reflection also came under scrutiny. Six years together, a pregnancy and a high-profile breakup were now being reframed as uncertainty over love.

    “I’m intrigued by how having a baby daddy sucks regardless of your socioeconomic status,” said one, noting that Hadid’s high profile did not protect her from public scrutiny.

    Another said, “I think everybody is forgetting how he was treated in that relationship.”

    Some users focused on Hadid’s personal choices during the relationship. “She let her mother into her sacred marriage… that doesn’t end well!! When you get married and have a child, you are now a family. She should have never let anyone into her marriage. Period,” one post read.

    Malik’s comments also drew attention from the Pakistani community online, who quickly joined the conversation.

    Many users linked his reflections to cultural expectations and identity, noting how aspects of his background might shape public perception.

    “British Pakistani men…” one post began, while another added, “You take the man out of Pakistan not Pakistan out the man.” A third wrote, “Pakistani mard ho aur bakwas na karay aisa ho hi nai sakta.”

    Another user questioned, “Why do you attribute what he said to his Pakistani genetics and not his British ones? He’s 50% European.”

  • Politicians, journalists, Imran’s son react to eyesight loss reports; govt says health facilities available

    Politicians, journalists, Imran’s son react to eyesight loss reports; govt says health facilities available

    The Supreme Court of Pakistan has ordered a medical team to examine former Prime Minister (PM) Imran Khan’s eye following a report submitted in court indicating that he has “only 15 percent” vision remaining in his right eye. The court also directed that Khan be allowed to speak with his children. 

    Following the Supreme Court’s order for a medical examination of former Prime Minister Imran Khan’s right eye and permission to speak with his children, political leaders, journalists, and legal experts have expressed concerns over his condition.

    Khawaja Saad Rafique said, “Immediate and effective treatment is every individual’s basic right. Prisoners, regardless of political affiliation, must have their medical needs met. Authorities should allow family visits, grant doctors access, and issue a clear position on Khan’s health.” He also emphasized that respecting prisoners’ rights is crucial, even for political opponents.


    Akhtar Mengal, president of the Balochistan National Party, compared Khan’s case with that of convicted spies, saying, “Spies get dignity. A leader gets neglect. A state that treats enemies better than its own has lost its moral compass. My prayers are with him for a speedy recovery.”


    Kasim Khan, the former prime minister’s son, confirmed reports of severe vision loss, stating, “My father has retained only 15 percent vision in his right eye. This is a direct consequence of 922 days of solitary confinement, medical neglect, and deliberate denial of proper treatment.” 

    Journalists have also expressed concern. Fahd Hussain wrote, “Shocked and horrified to read about the damage done to Imran Khan’s eyesight. Zero justification. He must be provided the best medical treatment and those responsible for this inexcusable neglect must be taken to task.” 

    Hamid Mir said, “The government’s claims that Imran Khan’s eye problem was minor and resolved after a 20-minute check-up have been proven false. According to the report submitted to the Supreme Court, Khan’s right eye vision has been severely affected. Will any action be taken against those responsible for this negligence?”


    Mushahid Hussain, journalist and former Minister of Information and Broadcasting of Pakistan while speaking on a private media talk show, said that the condition appeared to result from jail negligence and required a formal investigation, describing it as a matter of torture.

    Rana Sanaullah, the prime minister’s political affairs advisor, said Khan would be allowed to consult any doctor of his choice. Barrister Aqeel Malik urged patience, stating, “All medical facilities are being provided as per Supreme Court orders. Every prisoner has a right to healthcare, including Khan. Politics should not precede expert evaluations.”

    PTI leaders, including Chief Minister Sohail Afridi, held a press briefing in Peshawar, calling the situation alarming. Afridi said, “Imran Khan repeatedly informed authorities about his vision problems, but no action was taken. When his eyesight was finally lost, he was taken to the hospital. This could have been prevented if family and lawyers had been allowed access.”


    “Disturbing reports regarding Imran Khan’s eye infection with the right eye badly affected. This is totally unacceptable and the blame squarely on the government. The best possible medical treatment should be immediately arranged for him,” Shafqat Mehmood said.

    The Supreme Court’s directives have now set in motion the medical review and family contact, with authorities required to comply by February 16.

  • ‘Batters cannot pull away’: Indian umpire Anil Chaudhary says Usman Tariq’s pause is legal

    ‘Batters cannot pull away’: Indian umpire Anil Chaudhary says Usman Tariq’s pause is legal

    Former Indian cricket umpire Anil Chaudhary has provided clarity on the legality of Pakistani bowler Usman Tariq’s distinctive bowling action, stating that batters cannot legitimately pull away as long as the Pakistani spinner maintains his consistent pause.

    Speaking during an interview after a viral video showed him professionally shutting down speculation regarding Tariq’s action, Chaudhary addressed the controversy surrounding the Pakistani bowler’s mid-delivery pause and explained the conditions under which it would be considered illegal.

    When asked whether the extended pause violates cricket laws, Chaudhary explained the distinction between routine action and deliberate deception.

    “Because all his deliveries have the same action and the same pause, it has become his routine action. But if he does something different, increases the pause in a very obvious way, or suddenly bowls without a pause, that would be deception. In that case, the batter should pull away and not receive the ball. Then the umpire will decide whether this is manipulation of his routine action,” Chaudhary said.

    The umpire confirmed that Tariq’s current approach, including his run-up, did not violate any laws of the game.

    He also revealed that broadcasters measured Tariq’s pause at just slightly over one second. “If he pauses for around 2.5 to 3 seconds, then umpires could raise an objection,” Chaudhary noted, emphasising that as long as Tariq maintained his current rhythm, everything remained within the rules. 

    “For now, as long as he is pausing the same way he currently does, the matter is clear and everything is fine. Nothing looks suspicious yet. If the batter pulls out again and again, then the umpires will intervene and ask the batter to not do it otherwise they would themselves be booked for wasting time.”

    It may be noted that the umpire’s comments appear to counter an earlier suggestion by former Indian off-spinner Ravichandran Ashwin, who proposed that batters could exploit the pause by pulling away.

    Speaking on his YouTube channel, Ashwin clarified that Tariq’s pause was legal since it formed part of his established bowling action.

    However, he then suggested a controversial tactic for batters to employ against the Pakistani spinner.

    “There is one thing I want to see… if dares to do it… if Tariq pauses before delivery, the batter has the right to move away. The batter can say, ‘I don’t know when the ball is coming, so I moved away’,” Ashwin said.

    He predicted this would create significant pressure on both Tariq and the umpires.

    “That will be an interesting case and a huge headache for the umpire. I’m not against anyone. If I was there, I would have done it. I would have done everything that is within the laws of the game,” he added.

    The former Indian spinner suggested that such tactics could force Tariq to alter his action mid-match. “If the batter starts withdrawing, imagine the pressure on Tariq. He might have to alter his action in the middle of the game. Pakistan’s trump card might turn out to be nothing,” Ashwin added.

    “But I doubt any of the Indian batters have it in them to pull it off. I’m not sure,” he concluded.

  • Carlos Brathwaite debunks Indian propaganda about Usman Tariq, asks Elon Musk to demonetise X accounts

    Carlos Brathwaite debunks Indian propaganda about Usman Tariq, asks Elon Musk to demonetise X accounts

    Former West Indies all-rounder Carlos Brathwaite has condemned false statements attributed to him regarding Pakistan spinner Usman Tariq’s bowling action, which circulated widely on social media through Indian-origin accounts.

    A fabricated quote linked to Brathwaite’s name spread across social media platforms, claiming the former cricketer passed the controversial statement while commentating during the ICC Men’s T20 World Cup 2026 match between England and West Indies. 

    The fake statement suggested Brathwaite advised India to bat first in their upcoming fixture against Pakistan on February 15 and instructed them to retaliate if Tariq “chucks.”

    “India should bat first on 15th and see what Usman Tariq does. If he chucks, don’t step back. Tell your guns to chuck too. Give what you get. As simple as that,” an account with the username RCB_HIvv3 quoted Brathwaite as saying.

    The post caught Brathwaite’s attention, prompting an immediate response from the commentator who firmly denied making any such statement.

    “I’ll be reporting this. Where are the quotes? When did you say this?” Brathwaite questioned in his reply.

    The former West Indies captain, clearly frustrated by the orchestrated misinformation campaign, issued a stern warning to the user against deleting the false post. The post has since been removed from the platform.

    “This is disingenuous, false and nasty of you,” Brathwaite wrote, calling out the user directly.

    Taking the matter further, Brathwaite tagged Twitter owner Elon Musk, demanding action against accounts spreading fabricated quotes. 

    “Your platform needs to start demonetizing people that post fake quotes and attribute them to public figures. They can post what they want, get called out and take down the post. 296k people have seen this and formed an opinion of a baseless claim,” he stated.

    Many Indians including some so-called cricket analysts, have been spreading propaganda targeting Usman Tariq, who has represented Pakistan in four T20 Internationals. The spinner has faced persistent scrutiny over his bowling action despite repeatedly clearing official assessments and explainations about his rare medical condition.

    Tariq has been reported for a suspect bowling action twice during his early career but received clearance on both occasions. Last year, an ICC-accredited biomechanics lab gave him approval after examining 24 deliveries.

    According to cricket’s laws, a bowler’s arm can bend up to a maximum of 15 degrees while bowling. Tariq, known for his slingy action, maintains his delivery falls well within these limits due to the unique structure of his elbow.

    “There are two corners on my elbow which make it hard for me to straighten fully,” Tariq explained previously.

    “As you can see from history, whenever spinners faced allegations of chucking, they went to the lab, tried to modify their action, and worked on the correct degree of flexion. That sometimes confuses spectators. I have undergone two official tests in Pakistan, and my action was cleared. Unlike others, I didn’t have to change anything. I was confident because I know I am not throwing,” the spinner stated.

    The false narrative surrounding Tariq’s bowling action appears to intensify ahead of major Pakistan-India encounter on February 15, with coordinated social media campaigns attempting to undermine his legitimacy as a bowler.

  • Check your CNIC or risk losing your mobile service, PTA warns

    Check your CNIC or risk losing your mobile service, PTA warns

    Mobile phone users across Pakistan have been advised to verify their identity records to avoid suspension of services, following an advisory issued by the Pakistan Telecommunication Authority (PTA).

    According to the PTA, mobile services can be blocked if SIM cards are registered against national identity cards that have expired, cancelled, or belong to deceased individuals. The regulator said the measure is aimed at addressing misuse linked to unverified or outdated registration records.

    The National Database and Registration Authority has also urged citizens to review the status of their Computerised National Identity Cards (CNICs). 

    In its advisory, the PTA said citizens should ensure that their identity documents remain valid and correctly linked to their mobile numbers to prevent service disruption. It added that SIMs registered under the identity of a deceased person must either be transferred or deactivated in line with existing procedures.

    To avoid suspension, citizens have been advised to renew expired CNICs through the PakID mobile application, NADRA Registration Centres, or designated eSahulat franchises. 

    In cases where a CNIC holder has passed away, family members have been instructed to initiate cancellation of the identity card through the same channels. 


    Separately, the PTA has reiterated its policy regarding inactive SIM cards. The regulator earlier warned that SIMs which remain unused for a period of six months are liable to be blocked. Under existing regulations, telecom operators are authorised to deactivate SIMs that show no record of calls, text messages, or internet usage for 180 consecutive days.