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SOE FEDERAL FOOTPRINT 2016-17 Public Disclosure Authorized FY 2017 Public Disclosure Authorized

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SOE FEDERAL FOOTPRINT 2016-17 Public Disclosure Authorized FY 2017 Public Disclosure Authorized Implementation and Economic Reforms Unit, Ministry of Finance Q Block, Pak Secretariat Tel 051-9223619 Fax 051-9202565 www.finance.gov.pk Public Disclosure Authorized SOE FEDERAL FOOTPRINT 2016-17 Public Disclosure Authorized FY 2017 Public Disclosure Authorized Public Disclosure Authorized Federal Footprint - State-Owned Enterprises (SOEs) Performance Review TABLE OF CONTENTS Table of Contents List of Abbreviations _____________________________________________________________________________________ 3 List of Tables _____________________________________________________________________________________________ 4 List of Figures ____________________________________________________________________________________________ 6 Foreword _________________________________________________________________________________________________ 7 Dashboard ________________________________________________________________________________________________ 9 Executive Summary _____________________________________________________________________________________ 25 Introduction _____________________________________________________________________________________________ 28 Year in Review ___________________________________________________________________________________________ 29 A. Global economy __________________________________________________________________________________________ 29 B. National economy ________________________________________________________________________________________ 29 C. Profile _____________________________________________________________________________________________________ 30 D. Administrative Overview _______________________________________________________________________________ 31 E. Financial Overview ______________________________________________________________________________________ 31 F. Reforms Overview _______________________________________________________________________________________ 33 Annual GOP Support ____________________________________________________________________________________ 35 Sectoral Snapshot _______________________________________________________________________________________ 39 Energy Sector ___________________________________________________________________________________________________ 39 Financial Sector ________________________________________________________________________________________________ 40 Transportation Sector ________________________________________________________________________________________ 41 Industrial and Engineering sector __________________________________________________________________________ 43 Promotional & Advocacy Sector _____________________________________________________________________________ 44 Services Sector _________________________________________________________________________________________________ 45 Trading Sector__________________________________________________________________________________________________ 46 Looking Ahead __________________________________________________________________________________________ 48 Annexures _______________________________________________________________________________________________ 51 Annexure 1: Methodology, Assumptions and Limitations _______________________________________________ 51 Annexure 2: List of Federal Authorities & Regulatory Bodies not covered in the Report ___________ 54 TABLE OF CONTENTS Annexure 3: SOE under Admnistrative Ministries ________________________________________________________ 55 Annexure 4: SOE Incorporation Structure _________________________________________________________________ 61 Annexure 5: List of Foreign Incorportaed and Special Enactment SOEs_______________________________ 67 Annexure 6: List of SOEs with Subsidiaries ________________________________________________________________ 68 Annexure 7: Dividneds Received by Government of Pakistan – FY2016/17 __________________________ 71 Annexure 8: Loans Disbursed During the Year – FY2016/17 ___________________________________________ 72 Annexure 9: Comparative Ministry Wise Performance – Net Profit and Loss ________________________ 73 Annexure 10: Key Sectoral Financial Data – FY2016/17 ________________________________________________ 74 Annexure 11: Financial Summary Profit and Loss Position - FY2016/17 _____________________________ 75 Annexure 12: Financial Summary Liabilities and Equity Position – FY2016/17 _____________________ 86 Annexure 13: Financial Summary Assets and Shareholding Position – FY2016/17 _________________ 99 Annexure 14: Historical Profit and loss profile – Sectoral (FY2014 – FY2017) _____________________ 112 Annexure 15: Historical Profit and Loss Profit of SOEs – Ministry Wise _____________________________ 123 Annexure 16: Outstanding GOP Support – FY2017 ______________________________________________________ 132 Annexure 17: SOEs One Pager Snapshot __________________________________________________________________ 139 Contact Information ___________________________________________________________________________________145 Organization Information _____________________________________________________________________________146 LIST OF ABBREVIATIONS List of Abbreviations Board of Directors BOD Cash Developmental Loan CDL China-Pakistan Economic Corridor CPEC Corporate Governance Rules CGR Corporate Restructuring Act CRA Current Account Savings Account CASA Development Finance Institutions DFI Electricity Distribution Companies DISCOs Enterprise Resources Planning ERP Exploration and Production E&P Fiscal Responsibility and Debt Limitation FRDL Government of Pakistan GOP Implementation and Economic Reforms Unit IERU Joint Ventures’ JV Ministry of Finance MOF Non-Banking Finance Company NBFC Public Sector Development Program PSDP Public–Private Partnerships PPP Re-gasified Liquified Natural Gas RLNG Special Economic Zones SEZ State-Owned Enterprises SOEs 3 LIST OF TABLES List of Tables Table 1: Human Resource Position .................................................................................................................................................. 10 Table 2: Board of Directors.................................................................................................................................................................. 12 Table 3: Board of Directors – Sectoral Classification – FY2016/17 .................................................................................. 12 Table 4: Board of Directors – Gender Classification ................................................................................................................. 13 Table 5: Total Assets – SOEs (Rs. Million) ..................................................................................................................................... 15 Table 6: Total Revenues - SOEs .......................................................................................................................................................... 17 Table 7: Total Net Profit / Loss - SOEs ............................................................................................................................................ 18 Table 8: Top Ten Profit Making SOEs .............................................................................................................................................. 21 Table 9: Top Ten Loss Making SOEs ................................................................................................................................................. 21 Table 10: SOEs Category Snapshots – FY2016/17 .................................................................................................................... 22 Table 11: Profit and Loss Snapshot ................................................................................................................................................. 23 Table 12: State Owned Enterprises Classification (Sectoral & Sub-Sectoral) ............................................................... 25 Table 13: Administrative Profile of SOEs ...................................................................................................................................... 31 Table 14: Foreign Loans Disbursed During the Year ................................................................................................................ 35 Table 15: Domestic Loans Disbursed During the Year ............................................................................................................ 35 Table 16: Subsidies During the Year ................................................................................................................................................ 35 Table 17: Equity Investments During the Year ........................................................................................................................... 36 Table 18: Guarantees Issued During the Year ............................................................................................................................. 36 Table 19; Total GOP Support During the Year ............................................................................................................................. 36 Table 20: Total GOP Support During the Year FY2016/17 (Classification and Sectoral Wise) ............................. 37 Table 21: Total Outstanding GOP Fiscal Risk Exposure (FY2016/17) ............................................................................. 37 Table 22: Dividends Received by GOP ...........................................................................................................................................
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