OGDC shares discussed for transfer to Sovereign Wealth fund by Cabinet

By MG News | September 26, 2024 at 11:39 AM GMT+05:00

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September 26, 2024 (MLN): The Cabinet Committee on Wednesday discussed the transfer of Oil & Gas Development Company Ltd (OGDC) shares to the Sovereign Wealth Fund and called for measures to expedite the Fund's operationalization, the Information Ministry reported.

Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar reviewed the transfer of OGDCL shares with the Privatization Commission.

The deputy PM also emphasized that the Advisory Committee envisaged under the Pakistan Sovereign Wealth Fund Act 2023, shall consist of leading experts in finance, economics or other relevant fields to achieve the objectives under the Act.

Minister for Economic Affairs Division (EAD), the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and senior government officials attended the meeting.

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