Pakistan Tehreek-e-Insaf (PTI) on Sunday said that it would appoint renowned economist Abdul Razzaq Dawood to serve as advisor to PTI Chief Imran Khan.

In a press release, the PTI said that Razzaq would advise the PTI chief on matters of economy, trade, investment and related matters.

Earlier, PTI’s likely nominee for finance minister, Asad Umar, said that his party would not attempt to privatise Pakistan’s bloated and loss-making state companies such as Pakistan International Airlines and Pakistan Steel Mills.

Media reports quoted him saying that there will be no relief for the people in the first 100 days of the government. He also said within the first 100 days of the new administration, the state-owned firms will be shifted into a wealth fund similar to Singapore’s Temasek Holdings Pvt to remove them from political interference.

The government will also have to take over some, if not all, of the national airline’s 367 billion rupee debt ($2.1 billion) to start the carrier's turnaround, he said.