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Islamabad, July 14, 2023 (PPI-OT): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting on the establishment of Pakistan Sovereign Wealth Fund, today. SAPM on Finance Mr. Tariq Bajwa, Chairman SECP Mr. Akif Saeed and senior officers from Finance Division and SECP attended the meeting. As announced by the Finance Minister Senator Mohammad 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 for optimal leveraging and better management of GoP 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 decided to it to Ministry of Law and Justice for legal opinion and further necessary action.
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