Holding company for state owned enterprises, Sarmaya-e-Pakistan incorporated: Asad

The minister said turning around the state owned enterprises and eliminating their losses is vital.

ISLAMABAD (Dunya News) – Federal Minister for Finance Asad Umar on Friday has said that Sarmaya-e-Pakistan, the holding company for state owned enterprises, has been incorporated. In a tweet, the minister said turning around the state owned enterprises and eliminating their losses is vital for economic turnaround of Pakistan.

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

He added that losses are eating up resources which should be used for development and welfare.