state-owned enterprises

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    Supreme Court Nixes Privatization of Key Institutions

    Colombo, Apr 3 The decision to sell off state-owned enterprises by the previous government has been reversed, the Sri Lankan government informed the Supreme Court.Sri Lankan Airlines, Sri Lanka Telecom, Sri Lanka Insurance, and Lanka Hospitals will not be sold, according to Attorney General...
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    REC Board Greenlights Borrowings for Renewable Energy Projects

    New Delhi, March 25 State-owned REC Ltd announced on Wednesday that its board has approved market borrowings of ₹1.6 lakh crore for the fiscal year 2026-27 at a meeting held on March 25.According to a regulatory filing, the market borrowings of ₹1,60,000 crore include raising up to ₹1,40,000...
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    REC Announces FY 2025-26 Interim Dividend

    New Delhi, March 16 State-owned REC Ltd announced on Monday that its board of directors has approved the fourth interim dividend of 32%, or ₹3.20 per equity share with a face value of ₹10 each, for the fiscal year 2025-26.The record date for this interim dividend has been fixed as Friday...
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    State Firms Face Salary Reductions as Pakistan Addresses Economic Fallout

    Islamabad, March 14 Pakistan's Prime Minister Shehbaz Sharif on Saturday approved salary deductions ranging from 5 to 30 per cent for employees of state-owned enterprises (SOEs) and autonomous institutions as part of a broader austerity drive.The new measures were cleared during a review...
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    Sovereign Guarantee Bonds: MTNL Faces Funding Issue

    New Delhi, March 13 State-owned MTNL has failed to deposit interest on sovereign guarantee bonds in the escrow account due on March 24 this year, the company said in a regulatory filing on Friday.According to the structured payment mechanism of the Tri-Partite Agreement (TPA) signed among...
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    Export-Led Growth as a Path to Revitalize Pakistan's Economy

    New Delhi, February 24 – Pakistan's economy is in a dire state as inequality and poverty are rising, while the federal government is on the verge of bankruptcy, according to an article in Pakistani media.The article, published by the Business Recorder based in Karachi, advocates for export-led...
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    CCI Investigates Steel Manufacturers' Alleged Cartelization

    New Delhi, February 18 State-owned SAIL has sought details from the fair trade regulator, CCI, regarding a notice related to alleged cartelization by steel manufacturers, a company official said on Wednesday.There is a notice regarding the matter, but the company has no details available, the...
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    State-Owned Enterprises Contribute Heavily to Pakistan's Debt

    New Delhi, February 18 – Plagued by chronic losses and mounting debt, state-owned enterprises (SOEs) in Pakistan have for years drained public funds that could have been spent on sectors such as healthcare and education. Frequent equity injections, subsidies, loans, and sovereign guarantees have...
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