Total assets of KP economic zones company surge to Rs.15.8bn.

PESHAWAR -- The 7th Annual General Meeting (AGM) of Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC) held here at the Head Office the other day with Chairman Captain (Retd) Kamran Ahmad Afridi, Secretary Industries, Commerce & Technical Education in the chair.

Besides, other stakeholders include the representatives of the Finance Department, P&D Department, Labor Department and Environment Department. Other participants included Chairman Finance and Strategy Committee Sahibzada Salim Ur Rehman, Chairman Audit & Risk Management Committee Fayyaz Ahmad Jarral and Chief Executive Officer KP-EZDMC, Javed Iqbal Khattak, Chief Financial Officer Shahid Iqbal Khattak and Company Secretary Abdul Mussawar Dar along with the finance team attended the meeting, said a press release issued here on Tuesday.

The house was updated that the Company has posted a surplus of PKR 29 million (Rs 35 million in FY2021) with total income of PKR 1,025 million in FY 2022 (Rs 926.5 million in FY2021). The total assets of the company have increased to PKR 15.8 billion in FY 2022 from PKR 13.0 billion in FY 2021.

The Board of Directors appreciated the financial performance of the company for the period ending June 30, 2022. The company's income and total assets have also shown a steady increase over the past year, which is a testament to the company's strong management and commitment to excellence.

In his briefing to the board, the CEO said that the Company has generated funds of around Rs 3.1 billion in FY2022, which also include Rs 541 million received as ADP. Three new Zones have been...