Tuesday , April 7 2020

$15 billion annual loss to Pakistan Economy

 Pakistan Economy

ISLAMABAD – Utility Stores Corporation Board of Directors Chairperson Zulqarnain Ali Khan has disclosed that the Public Sector Enterprises are causing $15 billion in losses to the national exchequer.

Around 134 to 140 state-run institutions are wasting public money, including the PIA, Pakistan Post and Utility Stores Corporation of Pakistan, Khan said while addressing a press conference in Islamabad on Monday.

“PIA’s losses reached to Rs380 billion, Pakistan Post Office’s to Rs40 billion while Utility Stores Corporation is causing a loss of Rs8 billion annually,” he said.

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