In June last year, the total assets of these companies were Rs1.2 trillion compared to liabilities of Rs1.05 trillion, showing a total net positive equity of Rs145 billion. The government had also divided the balance sheet of PIA, picking over Rs650 billion liabilities to hand over the air carrier with a positive equity to the new buyers. As of June last year, the total assets of Fesco amounted to Rs410.3 billion as compared to Rs347 billion worth of liabilities. Its total assets were Rs238 billion but the equity was negative by Rs14.4 billion as of June last year, according to the CMU. Total liabilities were Rs252.5 billion, including the staff retirement benefits of Rs79 billion.