ProPropertyNewsCaretaker Govt Abolishes BODs of All Public Sector Companies

Caretaker Govt Abolishes BODs of All Public Sector Companies

LAHORE: The caretaker Punjab government has abolished the boards of directors (BoDs) of all public sector companies governed by the Local Government & Community Development Department on Monday.

The sources informed that the government made this move to support the election commission in holding free, fair, and transparent elections in Punjab by eliminating any potential influences through the exercise of power or authority.

The BoD of the Lahore Waste Management Company, which was led by Mr. Aatif Chaudhry and included Ms. Rizwana Iqtedar, Syed Raeesuddin Ahmad, Safdar Shaheen Pirzada, Abdul Kareem Khan, Basharat Ali, and Karamatullah Chaudhry, was dissolved by the department through a notification.

Additionally, the boards of directors of the waste management firms of Gujranwala, Sialkot, Faisalabad, Rawalpindi, Multan, Bahawalpur, Dera Ghazi Khan, and Gujrat were disbanded.

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Furthermore, the eliminated ones also include the boards of directors for the Punjab Cattle Market Management & Development Company and the Punjab Shehr-e-Khamoshan Authority.

Since the Boards of the aforementioned companies/authorities deal with a sizable number of employees who they may persuade to vote for certain preferred political parties, it was important to do so, the sources claimed.

When Parvez Elahi gained control of the province after Hamza Shehbaz’s administration was overthrown, these boards were also disbanded, a government source informed.

According to him, other public sector organizations governed by other departments, such as the Lahore Parking Company, Parks and Horticulture Authority, and LDA, are also likely to be disbanded in the coming days.

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