ISLAMABAD: Caretaker Prime Minister (PM) Anwaarul Haq Kakar has said the government was optimistic about investment from Saudi Arabia in the backdrop of talks between Crown Province of Saudi Arabia Mohammad Bin Salman and Pakistan’s chief of army staff.
While talking to a private news channel, Kakar said the government was planning for a visit of the Crown Prince of Saudi Arabia, adding the visit would be aimed at fully exploiting economic opportunities in the country.
The premier said a task force headed by the finance minister would determine sizes of federal and provincial governments, look at options to better manage pension funds, besides making efforts to rationalize public expenditure and increase revenue.
He said, “We are convinced that there is a need to rationalise expenditure and increase revenue of the government to create a viable state and lessen existential threats due to economic vulnerability.”
He said Special Investment Facilitation Council (SIFC) was attempting to help achieve appropriate governance and address the reasons for ill governance in the past.
The civil institutions were laxed in their working in the past but now the army leadership with its organizational strength had increase the level of confidence of civil service which had renewed energy to implement policies and achieve goals, he added.
The prime minister informed that a Pakistani consortium of oil companies and Saudi oil company Aramco were in business talks for setting up an oil refinery in Pakistan.
The United Arab Emirates had also shown keen interest in the exploration of minerals in Pakistan, he mentioned.
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