Karachi: In an attempt to increase the foreign exchange reserves, the government has acted upon a series of decisions pertaining to privatization. The government has always showed a slow progress in matters of development and progress. These efforts are aimed at mending its reputation.
Finance Minister Ishaq Dar, in an interview to an American newspaper, claimed that the government is aiming to gain revenue through the selling of assets. He informed that 5 billion dollar revenue will be generated by the government through the auctioning of 3G and 4G license.
Flights will be reinstated to North America on different routes. Senator Ishaq Dar was optimistic about the progress of the government and was confident that the economy of Pakistan was going in the right direction.
He also informed that the government had decided to sell the current stocks that included petroleum companies, Habib Bank Ltd, Allied Bank Ltd and United Bank Ltd stocks. These stocks are expected to give Rs 200 to Rs 250 billion returns, which will help to boost the Karachi Stock Exchange.