Islamabad: With the support of SIFC, Pakistan’s public sector companies earned a profit of Rs 102 billion in the first half of the last fiscal year.
The profit of Rs 249 billion of seven companies was transferred to the Sovereign Wealth Fund.
In the first half of the last fiscal year, the income of government institutions increased by 15 percent to Rs 7 trillion.
OGDCL recorded the highest profit of Rs 123.3 billion, while Pakistan Petroleum’s profit was Rs 68.8 billion and the 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 up to Rs 35 billion. In addition, Lahore Electric, National Bank, WAPDA and Port Qasim also recorded significant profits.
With SIFC’s continuous struggle, there are prospects for economic stability, development and a bright future.
