Pakistan’s Public Sector Companies Earn Rs. 102 Billion Profit in First Half of Fiscal Year

4 days ago

Islamabad:With the continued support of the **Special Investment Facilitation Council (SIFC)**, Pakistan’s **public sector companies** achieved a remarkable **Rs. 102 billion profit** in the first half of the last fiscal year. This success highlights the significant role of public sector enterprises in contributing to the country’s economic stability and growth.

During the first six months of the last fiscal year, the **revenue of government-owned corporations** saw a **15% increase**, reaching **Rs. 7 trillion**. Additionally, **Rs. 249 billion** in profits from seven major companies were transferred to the **Sovereign Wealth Fund**.

### **Top Performing Companies**
The highest profit was recorded by **Oil and Gas Development Company Limited (OGDCL)**, which earned **Rs. 123.3 billion**. Other significant contributions came from **Pakistan Petroleum**, with a profit of **Rs. 68.8 billion**, and the **power sector**, which saw a collective profit of **Rs. 50.7 billion**.

Among other notable performers were **National Power Parks** with a profit of **Rs. 36.3 billion**, and **Pak Arab Refinery (PARCO)**, which posted a profit of **Rs. 35 billion**. Additionally, **Lahore Electric Supply Company (LESCO)**, **National Bank of Pakistan (NBP)**, **WAPDA**, and **Port Qasim Authority** also recorded impressive profits.

### **SIFC’s Role in Economic Growth**
The continued efforts of the **Special Investment Facilitation Council (SIFC)** have played a pivotal role in stabilizing the economy and paving the way for further growth. This achievement not only strengthens Pakistan’s financial position but also provides brighter prospects for the country’s future, ensuring that public sector companies continue to play a vital role in national economic development.

With the consistent performance of state-owned enterprises and the strategic initiatives of SIFC, Pakistan’s economy is on track for further improvement, contributing to both immediate gains and long-term prosperity.