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PBC backs govt’s rightsizing drive
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UrduPoint News
During a meeting with Advisor to Finance Minister, Khurram Schehzad, Chairman PBC, Ziad Bashir, and Chief Executive Officer, Javed Kureishi emphasized that a streamlined public sector can improve economic efficiency and create greater space for private investment and market-led growth.
The meeting provided an opportunity to discuss key areas of economic reform, including the government’s ongoing privatization programme, restructuring of SOEs and measures to reduce the government’s footprint in commercial activities.
They discussed opportunities for bringing major public-sector entities to the capital markets through Initial Public Offerings (IPOs), including State Life Insurance Corporation (SLIC).
The meeting also covered tax rationalization and the development of a medium-term tax policy framework.
He noted that constructive government-business dialogue is essential for building investor confidence, improving the business environment, and developing practical and sustainable reform measures.