Pakistan Sovereign Wealth Fund draft law finalized

MG News | July 14, 2023 at 05:44 PM GMT+05:00

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July 14, 2023 (MLN): The draft law aimed at establishing the Pakistan Sovereign Wealth Fund for optimal leveraging and better management of Government of Pakistan (GoP) assets was finalized by the Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar in a meeting today, a press release issued today stated.

SAPM on Finance Mr. Tariq Bajwa, Chairman SECP Mr. Akif Saeed, and senior officers from Finance Division and SECP attended the meeting.

The fund's establishment is authorized under the Public Finance Management Act- 2019.

The meeting deliberated upon the technicalities involved, finalized the draft law, and decided to forward it to the Ministry of Law and Justice for legal opinion and further necessary action.

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