Islamabad, July 14, 2023 (PPI-OT): Minister for Finance and Revenue Ishaq Dar chaired a meeting on the establishment of Pakistan Sovereign Wealth Fund in Islamabad today. The meeting reviewed the draft bill for the establishment of Pakistan Sovereign Wealth Fund for optimal leveraging and better management of Government of Pakistan assets in the country in line with international standards, policies and practices.
The establishment of the fund is authorized under the Public Finance Management Act- 2019. The meeting deliberated upon technicalities involved, finalized the draft law and referred it to Ministry of Law and Justice for legal opinion and further necessary action.
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