Govt to buy stocks from support fund next week: Tarin

ISLAMABAD: The government will start taking positions in the stock market from the next week with the help of Rs20 billion market support fund.This was stated by Advisor to Prime Minister for Finance, Shaukat Tarin during the meeting of National Assembly Standing Committee for Finance.He said the government will ensure protection to the small investors while providing safeguarding of big brokers is not among the priorities of the government.Shaukat Tarin told the meeting that 500 million dollars will be received from the World Bank during this quarter. Similar amount is also expected to come form China in the first week of January, he added.He informed the rate of inflation is steadily dropping.