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Pakistan Sovereign Wealth Fund Act 2023.

Pays/Territoire
Pakistan
Type du document
Législation
Date
2023
Source
FAO, FAOLEX
Titre complet
An Act to provide for establishment of Pakistan Sovereign Wealth Fund.
Sujet
Général
Mot clé
Commerce/industrie/sociétés Contrat/accord Financement Partenariats public-privé (PPP) Fonds spécial Développement durable
Aire géographique
Asie, Asie et Pacifique, Océan Indien, Mer de l'Asie du Sud-Est, Asie du Sud
Résumé

The aim of this Act is to establish a sovereign wealth fund with the purpose of fostering sustainable economic development. This will be achieved through the prudent management of its funds and assets, adhering to the highest international standards, policies, and practices. The ultimate goal is to maximize their value for future generations. Article 5 of the text provides for the business that the fund contribute including investment, monetary and financial transactions in different sectors, public private partnership, commercial activities, founding corporations and participating in the process of privatisation. The Act further provides for the governance and organisational structure of the fund including supervisory board, board, and operations. The Act consists of 52 Articles and 2 Schedules on Transfer Assets and Valuation Methodologies.

Texte intégral
Anglais