ISLAMABAD: Prime Minister Imran Khan said on Saturday that profits of publicly traded companies have increased, indicating that the economy is growing and creating jobs.
Despite Covid problems, Imran Khan stated in a statement on Twitter that profits of listed enterprises climbed 59 percent year on year for the first nine months.
Profits of listed businesses grew 59% year on year for the first 9 months, despite Covid challenges. This shows our economy is witnessing strong growth & creating jobs. I am hopeful that businesses & employers will share these gains with their workforces. https://t.co/8WRSH3ip52
— Imran Khan (@ImranKhanPTI) January 8, 2022
“This demonstrates that our economy is growing and creating jobs,” he said, adding that he hoped firms and employers would share the benefits with their employees.
Pakistan’s stock market earned the largest profit in the preceding ten years in 2021, according to Finance Minister Shaukat Tarin.
Shaukat Tarin uploaded a graph from the Securities and Exchange Companies of Pakistan (SECP) on Twitter from his own account, demonstrating year-on-year growth of profits in the stock market after taxes.
https://twitter.com/shaukat_tarin/status/1479334906828406784?s=20
He said that the stock market made Rs258 billion in earnings in 2021, the biggest in the last ten years.
Shahbaz Gill, the PM’s Political Communication Adviser, also reacted on the news, saying that the numbers released by the finance minister were intended for those who spread falsehoods about the country’s economic downfall.
Apart from an aggregate Rs258 billion profit, he said in a statement on Twitter that the overall volume of trade on the PSX remained the biggest in the last four years.
