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Articles for tag: Appointment to Karachi Port Trust Board, decides, Exim Bank of Pakistan, financial plan, government control, Govt, independent directors, Ministerial Committee of State Enterprises, Ministry of Finance, Muhammad Aurangzeb, National Shipping Corporation of Pakistan, PNSC, PNSC strategic asset, privatization decision, privatization of Pakistan., sale, Small and Medium Business Development Authority, State Enterprises Policy 2023, state-owned enterprises of Pakistan, TCP, TCP Obligations, Trading Corporation of Pakistan

September 3, 2024

News Desk

Govt decides against sale of TCP, PNSC

Islamabad: The government on Monday decided against privatizing three more state-owned companies, including the Trading Corporation of Pakistan (TCP), which intervenes in the commodity market but is saddled with huge claims of Rs 287 billion. Finance Minister Muhammad Aurangzeb chaired a meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs). It declared TCP, Pakistan National Shipping Corporation (PNSC) and Small and Medium Enterprises Development Authority (Smeda) as core entities, which will remain under government control. However, the functions of these entities can be carried out by the private sector, but the government has decided not to cut spending by closing

April 17, 2024

News Desk

Aurangzeb unveils economic plan

WASHINGTON: Federal Minister for Finance and Revenue Muhammad Aurangzeb, heading a Pakistani delegation to the International Monetary Fund (IMF) and World Bank 2024 Spring Meetings in Washington, on Tuesday highlighted the country’s road map to address economic challenges and boost the economy towards sustainable development. During an interactive session with the Atlantic Council Center for Geoeconomics and the South Asia Center titled “Opportunities and Challenges for Pakistan’s Economy to 2024 and Beyond,” he outlined key measures such as raising the tax-to-GDP ratio, the digitization of the Federal Board of Revenue (FBR), reform of state-owned enterprises (SOEs), boosting exports, boosting remittances,

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