The recent developments regarding Pakistan's State-Owned Enterprises (SOEs) have sparked significant debate, particularly following Finance Minister Muhammad Aurangzeb's defense of the government's handling of SOEs amidst media criticism. In a video message, Aurangzeb stated, "The losses of SOEs have decreased by about Rs74 billion over the last three years," highlighting a decline from Rs905 billion in 2023 to Rs832 billion in 2025. However, this reduction is overshadowed by alarming statistics revealing a 301% increase in net losses, which surged to Rs122.9 billion in FY25 from Rs30.6 billion the previous year, alongside a staggering 91% drop in net cash returns to the government, plummeting from Rs458.2 billion to Rs40.7 billion (Profit by Pakistan Today, February 17, 2026).