Pakistan’s public sector companies reported a combined profit of Rs102 billion during the first half of the previous fiscal year, reflecting a 15% increase in revenue to Rs7 trillion. The financial performance, attributed to support from the Special Investment Facilitation Council (SIFC), underscores efforts to stabilize the national economy and promote sustainable growth.
Among the top performers, the Oil and Gas Development Company Limited (OGDCL) recorded the highest profit of Rs123.3 billion. Pakistan Petroleum Limited followed with Rs. 68.8 billion, while the power sector posted profits of Rs50.7 billion.
National Power Parks Management Company earned Rs. 36.3 billion, and Pak-Arab Refinery Company reported profits reaching Rs. 35 billion. Additional significant gains were observed in other state-owned enterprises, including Lahore Electric Supply Company, National Bank of Pakistan, WAPDA, and Port Qasim Authority.
In a strategic move, profits amounting to Rs. 249 billion from seven state-run companies were transferred to the Sovereign Wealth Fund, enhancing the country’s fiscal reserves.
