Business
Corporate sector earned Rs 929bln profit last year: Farrukh Habib
“The real estate sector grew by 494 %, the IT sector by 194 % and the tourism sector by 136%,” Farrukh further added.
Islamabad: Minister of State for Information and Broadcasting Farrukh Habib Wednesday said that due to the business-friendly policies of Prime Minister Imran Khan, the corporate sector had earned a net profit of Rs 929 billion last year.
On his official twitter handle, the federal minister said that about 70,000 new companies were registered during the Pakistan Tehreek-e-Insaf (PTI) government with an increase of 44%, while 25,856 new companies were registered in the five years tenure of the PML-N.
While comparing PTI government to Pakistan Muslim League-Nawaz (PML-N), the minister said that in 2018 the government had earned profit of Rs 587 billion.
He further added that these companies have made a profit of Rs 258 billion in the first three quarters of the current financial year.
“The real estate sector grew by 494 %, the IT sector by 194 % and the tourism sector by 136%,” he further added.