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Cabinet Committee on SOEs Advances Strategic Reforms Under Leadership of Finance Minister Aurangzeb

Islamabad: The Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a crucial meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs) today, aimed at categorizing and strategizing the future of various state-owned enterprises.

According to Ministry of Finance announcement issued on 04 July 2024, the meeting saw the participation of key cabinet members including the Minister for Housing and Works Mian Riaz Hussain Pirzada, Minister for Maritime Affairs Mr. Qaiser Ahmed Sheikh, and several others from different ministries. The committee reviewed and approved summaries concerning the categorization of state-owned enterprises presented by the Power Division, Ministry of Industries and Production, and the Ministry of Overseas Pakistanis and Human Resource Development. However, discussions on the Petroleum Division’s agenda were postponed for further review.

This session underscored the government’s commitment to refining the management and operational strategies of SOEs, marking a significant step towards enhancing their efficiency and strategic importance to the national economy.