Islamabad (Agencies): Federal Minister for Finance and Revenue Ishaq Dar on Friday chaired a meeting on the establishment of Pakistan Sovereign Wealth Fund.
According to a statement issued by the finance ministry, the meeting deliberated upon technicalities involved, finalised the draft law and decided to send it to Ministry of Law and Justice for legal opinion and further necessary action.
"The establishment of the fund is authorised under the Public Finance Management Act- 2019", the statement added.
It would facilitate optimal leveraging and better management of government assets in the country in line with international standards, policies and practices.
As announced by the Finance Minister Ishaq Dar in his budget 2023-24 speech in the Parliament, the meeting reviewed the draft bill for the establishment of Pakistan Sovereign Wealth Fund.
Special Assistant to the Prime Minister (SAPM) on Finance, Tariq Bajwa, Chairman Securities and Exchange Commission of Pakistan (SECP), Akif Saeed and senior officers from Finance Division and SECP attended the meeting.