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Thursday, May 19, 2022
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    HomeBusinessListed companies pay Rs500b dividend in CY21: Aslam

    Listed companies pay Rs500b dividend in CY21: Aslam

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    The businesses listed on the Pakistan Inventory Alternate (PSX) have paid the very best ever dividends in calender 12 months 2021 amounting to Rs499.84 billion. Spokesperson to Finance Ministry Muzzammil Aslam revealed this in a tweet on Monday, saying the quantity of dividends remained 86.8 % extra on a year-on-year foundation if in contrast with the calendar 12 months 2020 when the quantity stood at Rs267.608 billion.

    Based on particulars, the industrial banks paid the very best dividend of Rs139.17 billion in CY21 out of 32 sectors. The dividends from banks greater than doubled through the interval below overview, growing from Rs64.251 billion in 2020 regardless of the pandemic when rates of interest remained low. This was adopted by oil & gasoline firms, which paid dividends of Rs71.127 billion in 2021 in comparison with Rs44.608 billion in 2020. The fertilizer sector stood at quantity three place with Rs59.01 billion dividend cost in 2021 in opposition to Rs47.96 billion paid over the past calendar 12 months.


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