Federal Finance Minister Saleem H Mandviwalla has said a comprehensive roadmap would be left for the incoming government to help it get rid of circular debt and improve performance of public sector companies.

He was speaking at the signing and launching ceremony of Corporate Governance Rules 2013 for public sector companies here on Friday.“We will leave a roadmap for the next government to tackle circular debt and make state-owned enterprises efficient,” Mandviwalla said, terming the inter-corporate debt and revival of state enterprises two major challenges.

Dismissing reports that the government had provided Rs100 billion to Pakistan International Airlines (PIA), he clarified that only Rs46 million had been given to the national flag carrier to help it buy new aircraft.He expressed the hope that the launch of Corporate Governance Rules 2013 for public sector companies would improve the performance of state enterprises and benefit the country.

He also credited his predecessor Dr Abdul Hafeez Shaikh with managing the country’s economic and financial affairs well, despite multiple challenges.