Finance Minister Muhammad Aurangzeb has underscored the urgency of the situation, stating that state-owned enterprises (SOEs) that are operating at a loss are costing the government one trillion rupees. He stressed the immediate need for parliamentary support for legislation related to the privatization of these SOEs. The minister emphasized the high priority attached to the sell-off of loss-making SOEs and highlighted the role of the Cabinet Committee on SOEs in determining which enterprises are strategic, essential, or can be privatized.
Furthermore, the finance minister pointed out the challenges related to the pension of retired government employees and discussed the need for legislation to address this issue. He also provided updates on tax refunds issued by the Federal Board of Revenue and highlighted changes in the debt to GDP ratio.
In addition, Commerce Minister Jam Kamal mentioned the upcoming Trade Policy 2025 and reported a slight increase in textiles and apparel exports. Meanwhile, concerns were raised by the PPP Parliamentary Leader in Senate, Sherry Rehman, regarding proposed changes in the Indus River System Authority Act and their potential impact on agriculture production in Sindh.
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Water Resources Minister Musadik Malik assured that no law detrimental to any province would be enacted and emphasized the government’s intention to collaborate with all parliamentary stakeholders, including the opposition, for legislation on key issues. The house adjourned till Thursday.
