SPIAIC directed to devise roadmap for future investment ventures
Company has undertaken project financing to the tune of forty-six billion rupees in various fields.
Finance Minister Ishaq Dar has directed Saudi-Pak Industrial and Agricultural Investment Company (SPIAIC) to devise a pragmatic roadmap for its future investment ventures.
He was chairing a review session by its Chief Executive Kamaluddin on current economic profile of the Company.
The Company has undertaken project financing to the tune of forty-six billion rupees in the fields of textiles, chemical, energy, cement, telecom, construction and other important sectors.
Responding to Minister’s query about Key Indicators during the period 2012-14, Kamal said that profit before tax increased to over 1402 million rupees as of December last year compared to a loss of 1,411 million rupees in 2011.