Finance Minister Muhammad Aurangzeb on Thursday said that the state-owned entities (SOEs) bringing Rs 2.2 billion losses daily. Addressing a gathering in Islamabad, finance minister said that the SOEs have inflicted staggering Rs six trillion losses during last 10 years. “We want the private sector to run these institutions as the private sector has to run this country,” minister stressed. He said the government only have to provide policy framework and ensure its continuation. Finance Minister reaffirmed the government’s commitment to economic reforms agenda. He said the government will continue to focus on facilitating the private sector in order to boost the economy. He also emphasized the need to bring everyone into the mainstream and ensure their contribution to the economy. Muhammad Aurangzeb yesterday said that Pakistan’s economy moving towards betterment. He pointed out while addressing a moot yesterday that foreign exchange reserves would soon reach to cover three months imports in next few weeks, which had previously dropped to cover only two weeks. He also said that the interest rate continuously being dropped, inflation has decreased to 4.9 percent, while the current account of the country has been in surplus. “We won’t repeat practices of the past,” Aurangzeb said. The government will provide guidelines to the private sector, he said. “The government won’t interfere in the private sector,” finance minister added. He said the country has successfully moved away from a dual deficit and has been reporting budget surpluses for several consecutive months. He attributed this recovery to the government’s focused economic policies and stabilization measures. Separately, Minister for Finance and Revenue Senator Muhammad Aurangzeb on Thursday reiterated Pakistan’s firm commitment to ensuring a smooth and successful completion of the 37-month IMF programme, describing it as ‘Pakistan’s own programme’ of macro-economic reforms and structural adjustments funded and supported by the international lender. “The government of Pakistan under Prime Minister Shehbaz Sharif is very clear that the trust and credibility we have regained over the last 14 months, must be maintained to lay the path for an inclusive and sustainable growth,” he said while talking to IMF’s new Resident Representative for Pakistan, Mahir Binici, who called on him here at the Finance Division. The Secretary Finance was also present on the occasion, a news release said. The minister extended a formal welcome to Mahir Binici on his assignment in Pakistan and assured him full support for carrying out his official responsibilities and a smooth day-to-day consultation with the government of Pakistan. Mahir reciprocated the sentiment and committed himself to working closely with the government of Pakistan for ensuring a successful completion of the International Monetary Fund (IMF) programme.