The meeting of the Cabinet Committee on the transfer of OGDCL shares with the Privatisation Commission was presided over by Mohammad Ishaq Dar, who is also the Deputy Prime Minister and the Minister of Foreign Affairs simultaneously.
During the meeting, the committee reviewed the transfer of shares of Oil & Gas Development Company Ltd. to the sovereign wealth fund as well as the measures that may be taken to speed up the process of the fund becoming operational.
In order to accomplish the goals outlined in the Pakistan Sovereign Wealth Fund Act 2023, the Deputy Prime Minister emphasised that the Advisory Committee that is planned to be established under the act will be comprised of prominent specialists in the domains of finance, economics, or any other fields that are pertinent to the act.
There were senior government officials present during the meeting, including the Minister for Economic Affairs Division, the chairman of the Securities and Exchange Commission of Pakistan, and also other government officials.
