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Finance minister tasks EAC to formulate time-bound plans

Business April 23, 2021 ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin on Thursday tasked the newly-formed economic advisory council (EAC) to devise short, medium and long-term plans with respective timelines to optimise the financial and economic policies. Presiding over the first session of the EAC after its re-constitution at the finance division, Tarin formulated sub-groups and assigned areas for further deliberation and directed to firm-up proposals after seeking input from all concerned. The minister emphasised short, medium and long-term plans with respective timelines for an effective way forward. The finance minister emphasised the importance of evolving consensus on macro-economic stabilisation measures and reform agenda for an inclusive and sustained economic growth after taking all stakeholders on board.

Govt approves hiring of private firms for SOEs forensic audit

Govt approves hiring of private firms for SOEs’ forensic audit Business April 8, 2021 ISLAMABAD: The government on Wednesday approved hiring of private firms for forensic audit of Pakistan International Airlines (PIA) and other state-owned enterprises to find out causes of their losses and fix responsibilities. The decision was taken during a meeting of the cabinet committee on state-owned enterprises, presided over Minister for Finance, Revenue, Industries and Production Hammad Azhar. Minister for Privatisation Mian Soomro, Adviser to the Prime Minister for Commerce Razak Dawood, Adviser to the Prime Minister for Institutional Reforms and Austerity Ishrat Hussain and Special Assistant to the Prime Minister on Revenue Waqar Masood also participated in the meeting. After due deliberation, the committee approved the revised terms of reference (TORs) for forensic audit of the state-owned enterprises to be followed by the Auditor General of Pakistan (AGP) office as well as privat

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