By Ayesha Saba

The Korangi Fisheries Harbour Authority (KFHA) has demonstrated sustained revenue growth and prudent financial management from 2020-21 to 2024-25, generating a revenue of over Rs700 million, with no losses recorded in any of the years under review. According to a document available with Wealth Pakistan, the revenue climbed from Rs80.35 million in 2020-21 to Rs219.12 million in 2024-25.

The operational revenue derived from core harbour activities grew from Rs31.77 million to a projected Rs52.92 million in 2024-25. The most dramatic growth was witnessed in non-operational revenue. In this category, the revenue rose from Rs48.57 million in 2020-21 to an estimated Rs166.19 million in 2024-25, culminating in a five-year total of nearly Rs500 million.

The Authority has remained steadfast in meeting its international debt obligations and utilized its own revenue to service its Asian Development Bank (ADB) loan, with annual payments of Rs31.10 million in 2020-21, Rs47.45 million in 2021-22, Rs28.97 million in 2022-23, Rs27.91 million in 2023-24, and Rs30.61 million in 2024-25. In total, the KoFHA has repaid the ADB a total of Rs166.07 million from its own resources during the five-year period.

The Authority's financial sustainability is further reinforced by the government’s budget grants. The government provided Rs92.89 million in 2020-21, Rs111.61 million in 2021-22, Rs74.67 million in 2022-23, Rs115.72 million in 2023-24, and an estimated Rs121.33 million in 2024-25. The total subsidy received over the five years amounts to Rs516.24 million.

Notably, the Authority has upheld fiscal discipline, keeping its budget expenditures closely aligned with the grants: Rs92.89 million in 2020-21, Rs111.53 million in 2021-22, Rs74.67 million in 2022-23, Rs115.72 million in 2023-24, and Rs119.86 million in 2024-25, bringing the total expenditure to Rs514.69 million. This leaves a slight surplus of Rs1.54 million over the period, indicating prudent financial management.

The figures reflect sustained financial stability, supported by growing revenues, structured loan repayments, and effective utilization of government grants, with no losses incurred in any of the years under review.

Credit: INP-WealthPk