Investors’ trust is increasing while stock market has also witnessed historic boom: Ali Pervaiz Malik

ISLAMABAD, July 02 (SABAH): Minister of State for Finance Ali Pervaiz Malik says the government is swiftly taking measures to pass on the benefits of prudent economic policies to the public.

Addressing media in Islamabad on Tuesday, Ali Pervaiz Malik mentioned various steps taken by the government for provision of relief to people in the Federal Budget.

He said Prime Minister Shehbaz Sharif has taken special measures with regard to solar panels. He said the government has introduced contributory pension scheme for new inductions and the Armed Forces of Pakistan have also been asked to align themselves with newly introduced contributory pension scheme to reduce burden on national exchequer. 

The Minister of State said investors’ trust is increasing while stock market has also witnessed historic boom. 

Ali Pervaiz Malik said with consultation of the World Bank, work on privatization of power distribution companies is also under process. He clarified that consumer protection would remain a core priority in whole exercise.   

The Minister said under the austerity measures, the Prime Minister ordered to wind up Pakistan PWD and within next few weeks, the curtailment of various departments will be ensured that are not yielding market oriented results.

Ali Pervaiz Malik also stressed the need to bring stability in macroeconomic fundamentals through coordination and consultations with provinces.