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ISLAMABAD, Aug 3: The National Assembly’s standing committee on finance and revenue has directed the ministry of finance to immediately cut down the operating cost of the Industrial Development Bank of Pakistan (IDBP) so as to save the national exchequer from sustaining further losses.
The directives were given at a meeting of the standing committee here on Tuesday. The meeting was presided over by Chaudhry Anwar Ali Cheema to consider the Industrial Development Bank of Pakistan (reorganization and conversion) Bill, 2005. After discussion, the committee approved the bill, however, some members gave their notes of dissent, says a press release.
