Photo: Pakistan plans $7 billion sovereign wealth fund, finance minister tells Senate committee
Business & FinancePakistan plans $7 billion sovereign wealth fund, finance minister tells Senate committee
Finance Minister Muhammad Aurangzeb has told a Senate committee that Pakistan plans a $7 billion sovereign wealth fund built around major state-owned companies, as amendments to the fund's governing law come under parliamentary scrutiny.
Photo: Faisal Mosque in Islamabad, Pakistan
Pakistan NewsPakistan assumes G-24 chairmanship, with Aurangzeb pledging a fairer, development-led global financial system
Pakistan assumed the chairmanship of the Intergovernmental Group of Twenty-Four on Sunday, with Finance Minister Muhammad Aurangzeb setting out three priorities — development-led growth, stronger representation for developing economies, and reform of the international financial architecture.