ISLAMABAD – Minister for Finance Asad Umar has clarified that thegovernment was not intending to privatise state-owned enterprises,including PIA, OGDCL and power distribution companies.

Talking to a private news channel on Sunday, the minister said that thegovernment was exploring all other opportunities to strengthen the nationaleconomy.

He said that the situation of uncertainty in national economy would becleared by mid of October as the economic reforms were on the top of thegovernment’s priorities.

He said the government also wanted to enhance exports, promote investmentsand industrial development in the country for producing exportable surplusand fetching the foreign exchange reserves.

He said the forex reserves were under pressures as every month about US$ 2billion were spent to meet different financial needs of the country.

Asad termed the meeting with Saudi officials very productive and said itwas premature to forecast the actual volume of investment coming from theSaudi Arabia.