Web desk: Pakistan’s public sector companies have earned a profit of Rs 102 billion in the first half of the last financial year.
Performance of Pakistan’s public sector companies with support from the Special Investment Facilitation Council (SIFC) indicates improvement. Earning a profit of Rs 102 billion in the first half of the last financial year is a positive development, reflecting that these companies have been able to achieve their financial targets.
This achievement is auspicious not only for public sector companies but also for the country’s economy, as it provides new opportunities for investment and growth. If any further information or details are required please.
In the first half of the last financial year, the income of government institutions increased by 15 percent to 7 trillion rupees. 249 billion rupees profit of seven companies was transferred to sovereign wealth fund.
OGDCL recorded the highest profit of Rs 123.3 billion, Pakistan Petroleum’s profit was Rs 68.8 billion while power sector’s profit was Rs 50.7 billion.
National Power Parks recorded a profit of Rs 36.3 billion while Pak Arab Refinery recorded a profit of Rs 35 billion. Apart from these, significant profits were also recorded in Lahore Electric, National Bank, WAPDA and Port Qasim.
The continuous struggle of SIFC has made the prospects of stability, development and bright future of the economy brighter.
