Corporate sector earned good profit last year due to PM’s business friendly policies: Farrukh

Islamabad (Web Desk) – Minister of State for Information and Broadcasting Farrukh Habib says the corporate sector made a profit of 929 billion rupees during the last year as a result of Prime Minister Imran Khan’s business friendly policies.
In a tweet on Wednesday, he said during the PML-N government in 2018, the profit was 587 billion rupees.
The Minister of State said seventy thousand new companies were registered with 44 percent increase during the PTI government; whereas 25,856 companies got registered in the PML-N’s five year term.
In the first three quarters of the current fiscal year, these companies have registered a profit of 258 billion rupees.
Farrukh Habib said new records have been set during the three years of the PTI government.
He said despite the COVID-19 pandemic, 494 percent growth was witnessed in real estate sector, 194 percent in information technology and 136 percent in tourism sector.
He said that these companies have made a profit of Rs 258 billion in the first three quarters of the current financial year.
He said that the real estate sector grew by 494 percent. The IT sector by 194 percent, and the tourism sector by 136 percent.