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Corporate Sector earned Rs 929 billion profit in last fiscal year

ISLAMABAD, Pakistan: The Corporate Sector earned a profit of Rs 929 billion in the Fiscal Year 2020-21, which is Rs 342 billion more than made in the last year of the Pakistan Muslim League-Nawaz (PML-N) regime.

Sharing the Recent Growth of Corporate Profitability on Twitter on Wednesday, the Minister of State for Information and Broadcasting Farrukh Habib said that as a result of Prime Minister Imran Khan’s business-friendly policies, the Corporate Sector earned Rs 929 billion as profit in the last fiscal year.

While in 2018, the last year of the PML-N government, the Corporate Sector’s profit was recorded Rs 587 billion.

The minister further said that 70,000 new Companies were registered with a 44 percent increase during the PTI government whereas 25,856 Companies got registered in the PML-N’s five-year term.

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Farrukh Habib told that in the first three quarters of the current Fiscal Year 2021-22, these Companies have registered a profit of Rs 258 billion.

The minister of state said that new records have been set during the three years of the PTI government.

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The minister said that despite the COVID-19 pandemic, 494 percent growth was witnessed in the Real Estate Sector, 194 percent in the Information Technology (IT) Sector, and 136 percent in the Tourism Sector.

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