CCoSOE Approves Proposal for Nomination of Independent Directors for Power Distribution Companies

Federal Minister for Finance Muhammad Aurangzeb presided over a meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOE) at the Finance Division today.

The committee approved the proposal of the Power Division for the nomination of independent directors for certain electricity distribution companies for onward submission to the cabinet.

The committee didn’t approve the proposal presented by the Ministry of Railways to categorize four Railway companies as strategic and essential and directed to submit a transformation plan for these four companies before the CCoSOEs. The proposal of the Ministry of Science and Technology was deferred with the direction to submit a business plan to the committee regarding the reforms planned by the Ministry of Science and Technology for STEDEC.

While approving the proposal of the Ministry of Information & Broadcasting, the CCoSOEs recognized the strategic nature of Pakistan Television Corporation (PTVC) and Pakistan Broadcasting Corporation (PBC) and directed the Ministry of Information & Broadcasting (MoIB) to present a viable business plan to the committee for efficient management of these enterprises.

The meeting was attended by Minister for Housing & Works Mian Riaz Hussain Pirzada, Minister for Power Sardar Awais Ahmad Khan Leghari, Minister for Maritime Affairs Qaiser Ahmed Sheikh, Minister for Economic Affairs Ahad Khan Cheema, Chairman SECP, Federal Secretaries and other senior officers of the relevant ministries.

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