Government companies, also known as public sector enterprises, are organizations owned and operated by the government to provide essential services, promote economic development, and ensure public welfare. These companies operate in various sectors such as energy, transportation, healthcare, education, and infrastructure. They are funded by taxpayer money and are accountable to the public through government oversight.

Key Features of Government Companies:

Ownership: Fully or majority-owned by the government.

Objective: Focus on public welfare rather than profit maximization.

Services: Provide essential services like electricity, water, transportation, and healthcare.

Accountability: Operate under government regulations and are subject to audits and transparency laws.

Employment: Often a significant source of employment in the country.

Examples of Government Companies in Pakistan:

Pakistan State Oil (PSO): A leading oil marketing company.

Water and Power Development Authority (WAPDA): Manages water and power resources.

Pakistan Railways: Provides rail transport services.

Sui Southern Gas Company (SSGC): Supplies natural gas to consumers.

National Bank of Pakistan (NBP): A major government-owned bank.