'Sarmay-e-Pakistan' company established to eliminate state owned entity's losses
- By Web Desk -
- Feb 15, 2019
ISLAMABAD: Aimed to eliminate losses of the state owned enterprises in the country, the federal government has set up a holding company under head of ‘Sarmay-e-Pakistan’, ARY News reported on Friday.
Underscoring the need of formation of the company, Finance Minister Asad Umar in his message on the micro-blogging website twitter said, the company to eliminate the losses being faced by the state owned enterprises to uplift the country.
Sarmaya e pakistan, the holding company for state owned enterprises, incorporated. Turning around the state owned enterprises and eliminating their losses which are eating up resources which should be used for development and welfare, is vital for economic turnaround of Pakistan pic.twitter.com/H0Ptwr4xhH
— Asad Umar (@Asad_Umar) February 15, 2019
In order to put the economy back on the track, the Pakistan Tehreek-e-Insaf-led federal government was taking numerous steps.
Read more: Remittances from overseas Pakistanis register healthy growth
Prime Minister Imran Khan on Thursday(February 1) had reiterated his resolve to make Pakistan self-reliant with effective policies of the present government.
He was addressing the inaugural ceremony of “Pakistan Banao Certificate” in Islamabad. The PM exhorted the overseas Pakistanis to come forward and enthusiastically purchase the certificates to make this scheme a success.