Govt To Boost Investment: Dar

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Published on March 12, 2017 by admin2

Finance Minister Ishaq Dar on Saturday said the government has plans to expand investment in various fields through the Pakistan Development Fund (PDF).

In a meeting with a delegation of Pakistan Stock Exchange (PSX), he said the fund would focus on financing commercially viable public sector projects.

The PSX delegation, led by its chairman Muneer Kamal, expressed interest in partnering with the government to expand the fund’s outreach.

The delegation comprising of Arif Habib, Yasin Lakhani and Amin Tai, apprised of the process of acquisition of 40 per cent share in the PSX by foreign investors that had been completed by the appointment of directors representing Shanghai and Shenzhen Stock Exchanges and Pakistan China Investment Company on the PSX Board.

The introduction of new partners as well as the markedly improved economic environment will help the stock market grow further in the future, they hoped.

The PSX delegation said the progress in the economic and security environment has motivated both domestic and foreign investors.

Several proposals for improvement of the regulatory regime were also discussed during the meeting to consolidate the gains made in the recent years.

The delegation also presented proposals for the upcoming budget targeting to remove anomalies and rationalise the tax structure for the capital market.

The finance minister assured the delegation that the process of reform will continue and all the positive suggestions for improvement of the regulatory regime and taxation structure would be considered.

The hard work by all stakeholders during the last four years had resulted in the economic turnaround which is globally acknowledged now, he added.

Courtesy: Dawn News

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