Pakistan, June 3 -- The federal government has announced a major investment of Rs288 billion to improve the infrastructure and performance of key state-owned enterprises (SOEs). This new strategy allows these enterprises to fund their own development projects beyond the traditional Public Sector Development Programme (PSDP).

This initiative targets critical sectors such as energy, telecommunications, water, and defence production. By encouraging SOEs to invest independently, the government aims to promote performance-based public investment and increase fiscal self-reliance.

The Petroleum Division leads this effort, with companies like Oil and Gas Development Company Ltd (OGDCL), Sui Northern Gas Pipelines Ltd (SNGPL), and Pak-Arab Refi...