Islamabad: The Cabinet Committee on State-Owned Enterprises, chaired by Federal Minister for Finance and Revenue Muhammad Aurangzeb, approved significant board appointments in a meeting today. The decisions included appointing a Chairman and Independent Director for National Engineering Services Pakistan (NESPAK) and reconstituting the Board of Directors for Hyderabad Electric Supply Company (HESCO). Additionally, an independent director was appointed to the Board of Sukkur Electric Power Company (SEPCO).
According to Radio Pakistan, the Finance Minister underscored the importance of appointing government representatives who are appropriately placed, competent, and possess the necessary experience and institutional understanding. These representatives, serving as ex-officio directors, are expected to effectively represent their respective divisions in the state-owned enterprises.