Business profit in major corporate sectors in Pakistan declined by as much as 22 percent in the second quarter of the year (April to June, 2009), according to a recent analysis report by the JS Group of Pakistan. The main reasons for the decline in corporate profitability have been power crisis, declining domestic demand, and lack of interest on behalf of the government.

The analysis tells that banks, oil and gas marketing, and telecom sectors saw significant depressed growth in business profits during the second quarter of the year 2009. The decline in profits has been most pronounced in the oil and gas marketing (63%) followed by the telecom sector (48%). In the banking sector, the decline stayed at 13 percent. However, some sectors did make good profit including: cement, power, and Exploration and Production (E&P). The analysis predicts banks, fertilizers, auto and oil marketing sectors as the primary earnings driver for the next fiscal year.