Govt to launch stocks stabilisation fund

The minister said that budget deficit had reached to 9.5 percent of GDP in the last one year due to wrong policies of previous government.

Naveed Qamar pointed out that the government has reduced borrowing from State Bank to zero percent and is using other sources to generate funds.

“We will launch privatisation programme to generate funds and thrive stock market. There is a long list of items and this will be decided by the Cabinet. It is in our interest to actively pursue privatisation programme with your cooperation”, he noted.

United States of America, he said, will give non-military aid of US$7.5 billion to Pakistan and the announcement in this regard will be made during forthcoming visit of the Prime Minister to US.