#Pakistan #launches #sovereign #wealth #fund
Pakistan is establishing a sovereign wealth fund, capitalising it with $8 billion in shares in state-owned enterprises.
The legislation establishing the Pakistan Sovereign Wealth Fund passed the lower house of parliament on July 31 and the upper house on August 2.
The government transferred its equity in seven companies to the new fund. Among these is Pakistan Petroleum and the National Bank of Pakistan. The latter is majority-owned by the State Bank of Pakistan (SBP), the central bank. The
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
Sovereign Wealth – centralbanking.com
Source link