Saturday , August 24 2019
Breaking News
Home / Breaking News / 19 State Owned Enterprises earn Rs 246b profit: Finance Ministry
19 State Owned Enterprises earn Rs 246b profit: Finance Ministry

19 State Owned Enterprises earn Rs 246b profit: Finance Ministry

ISLAMABAD: Out of 32 state owned enterprises on the list of privatisation, 19 of them have earned nearly Rs 246 billion profit during the previous financial year.

The Federal Finance Ministry’s documents available with ‘Customs Today’ reveal that these enterprises have been showing a steady increase in the volume of their profit for the last five years — 2009-2013.

It is important to mention here that the current and previous governments had been willing to privatise these enterprises under a privatisation policy as the Council of Common Interest (CCI) had approved a broad-based privatisation programme in 1997, 2006, 2011, and 2014.

The documents disclosed that the main objective of the privatization policy is to put national resources and assets to optimal use, particularly to utilise the potentials inherent in these enterprises.