Financial Advisor Ordered to Distribute Rs.950B Profit from Listed Companies
Situation require companies to increase their share in welfare work, Good time is coming, don't have to worry.
financial advisor Shaukat Treen He said that listed companies in Pakistan have earned a profit of Rs.950 billion in the last financial year.
Addressing the SDPI seminar in Islamabad, the finance adviser said that now is the time for Pakistan’s upper class to take care of the middle class. Last financial year, listed companies made a profit of 950 billion. Take care of the middle class, distribute profits among your employees and spend a large part of it on charity.
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The Finance Adviser said that good times are coming in Pakistan, Prime Minister and Shaukat Tareen say that you do not have to worry. Shaukat Tareen said that due to previous agreements, the price of unused electricity has to be paid. Today, even if the old power plants are not used, Rs 850 billion will have to be spent.
The finance adviser said that due to previous agreements, the price of unused electricity had to be paid and dollars were needed to keep the value of the currency stable. The current account deficit is higher than the significant difference between exports and imports. They want to increase revenue so that they do not have to borrow. In three to four years, the fruits of economic growth will be transferred to lower levels.
Shaukat Tareen further said that now Pakistan’s economy has come out of the blows of Corona, Prime Minister Imran Khan wants development of all, Pakistan needs continuous development, after Corona, the growth rate in Pakistan is 4% but Pakistan I save only 13% of the economy. Exports account for only 10% of Pakistan’s economy and imports account for 25%.
The finance adviser said that imports of sugar and pulses were ironic, adding that the agricultural sector had been neglected in the past. Shaukat Tareen said that the poor will be taught to catch fish, not fish, so that they become accustomed to employment.
