Corporate sector earned Rs 929bln profit last year: Farrukh Habib

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. 

وزرعظم عمران خان کی کاروبار دوست پالیسیوں کےباعث
پی ٹی آئی حکومت میں گزشتہ سال کارپوریٹ سیکٹر کو 929ارب خالص منافع ہوا
ن لیگ2018 میں 587ارب منافع تھا
PTI حکومت کے دوران کمپنیوں کی رجسٹریشن44% اضافےکیساتھ تقریباً 70ہزار
جبکہ ن لیگ دورکے 5سال میں 25ہزار 856نئی کمپنیاں رجسٹرڈ ہوئی pic.twitter.com/xCvy1GFVZY

— Farrukh Habib (@FarrukhHabibISF) December 29, 2021