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June 14, 2021

Boom in business activity: ‘Top 100 companies’ earnings rise’

ISLAMABAD: The earnings of Pakistan's top 100 companies in Pakistan have risen in the current year, a government official said on Sunday quoting Bloomberg data, adding that the boost in the business activity means employment, investment and growth in society.

A recent report by JP Morgan, according to him, also shows Pakistan is fast becoming an attractive destination for both local and foreign investments.

This is all happening despite COVID-19 pandemic when the world, particularly the South Asia, is suffering from economic contractions.

The official claimed that three years ago, the outgoing PMLN government had left the country near default with bleeding reserves and soaring deficits. This turnaround in such a short time is remarkable, he added.