The International Monetary Fund (IMF) on Saturday has emphasised on Pakistan to take measures to enhance its exports and privatise the loss-making Public Sector Entities (PSEs).

Technical talks between Pakistan and IMF remained to continue on the third consecutive third day.

Sources informed that ministry of finance, the ministry of commerce and Federal Board of Revenue (FBR) officials briefed IMF team.

They informed that IMF has asked Pakistan to take measures to enhance the exports, which are declining from last few years.

The IMF reportedly has asked the Pakistani authorities that increasing exports could help in maintaining the foreign exchange reserves of the country. Similarly, they have also asked to privatise the loss-making PSEs.

Pakistan has informed the IMF delegation that the government has finalized its privatization plan. Under the plan, the government would privatise SME Bank Ltd, First Women Bank Ltd, Jinnah Convention Centre, Islamabad, Lakhra Coal Development Company and Services International Hotel, Lahore.

Similarly, the government has also approved the privatisation of newly-established 1233 MW Balloki Power Plant and the 1230MW Haveli Bahadur Power Plant.

The Fund was informed that government has delisted Pakistan Steel Mills (PSM), Pakistan International Airlines (PIA), Pakistan Railways, Utility Stores Corporation, National Highway Authority (NHA) and CAA from the privatisation list.

The government has informed the IMF that it would establish Pakistan Sovereign Fund or Wealth Fund to run the Public Sector Entities (PSEs) including PIA, PSM and others.

These PSEs would be run by appointing and empowering non-political and autonomous boards instead of concerned ministries.