The government expects OGDC and PTCL will contribute as much as 73 percent of the total dividend income to be generated from the state-run companies in the new fiscal year starting July 1.
According to the budget documents released in Islamabad on Monday, the government has set a target to collect Rs 54.76 billion from state-run companies as dividend income for the fiscal year 2006-07.
OGDC is expected to contribute Rs 25 billion followed by Pakistan Telecommunication Co contributing Rs 15.4 billion in the total sum. While the dividend income expected from PPL would be around Rs 3.496 billion, PSO Rs 874 million, SSGC Rs 608 million and SNGC Rs 539 million.
The government while announcing the budget set a target of Rs 52.96 billion as dividend income from the state-owned companies. But due to higher sales and healthy performance from the state-run companies, the target was revised to Rs 63.785 billion. Of this planned amount, the biggest earner is OGDC, where its dividend amount would be Rs 33.707 billion, PTCL Rs 11.523 billion PPL Rs 3,496 million and Rs 840 million from Pakistan State Oil Co.
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