Hafeez Shaikh stresses want for reining in losses in state-owned entities

ISLAMABAD: Advisor to the Prime Minister on Finance Dr Abdul Hafeez Shaikh has underscored efforts to include losses in state-owned enterprises (SOEs) by higher governance and lively supervision. 

He was chairing a gathering in Islamabad on enhancing the governance construction of SOEs and the function of Sarmaya Pakistan Restricted to herald skilled experience.

He mentioned higher governance and lively supervision is anticipated to carry appreciable enhancements.

Dr Shaikh had final Thursday mentioned the federal government had overcome urgent challenges the economic system confronted by taking proper selections.

“The federal government has its focus shifted to accelerating the tempo of progress by creating an enabling ambiance for companies and boosting progress in key sectors resembling agriculture.”

He made these remarks whereas speaking to a gaggle of international buyers representing worldwide banks and monetary establishments trying to spend money on the capital market of Pakistan.

“We predict an over three per cent progress within the agriculture sector which has remained stagnant for the previous 5 years.

We’re additional injecting about Rs 250 billion into this sector to boost crop productiveness and enhance water administration.”

The adviser gave the visiting buyers an summary of varied coverage measures adopted by the federal government in latest months to tide over the financial slowdown.

He additionally spoke in regards to the constructive outcomes as mirrored in surging exports, improved income assortment, improve in variety of tax filers, enhanced non-tax revenues and varied different measures to facilitate companies, together with rapid gross sales tax refunds to the tune of Rs 22 billion to exporters and fee of all Revenue Tax refunds to the restrict of Rs 100,000.

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