| Company type | Sovereign wealth fund |
|---|---|
| Industry | Institutional investor |
| Founded | 2023 |
| Headquarters | , |
| Services | Investments |
Pakistan Sovereign Wealth Fund (PSWF) is the sovereign wealth fund of Pakistan that was established by the Pakistani government through the Pakistan Sovereign Wealth Fund Act 2023. The fund manages the assets of profitable state-owned enterprises like Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), and the National Bank of Pakistan (NBP).
The aim of the fund was to contribute to sustainable economic development in Pakistan by increasing local investment as well as attract investment from the Gulf Cooperation Council and Gulf countries.[1] There has been criticism of the proposed fund, with the International Monetary Fund (IMF) asking that it be closed down due to the risk that the government lose control of the seven profitable state-owned companies transferred to the fund.[2]