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Home Breaking News

CCoSOEs gives nod to reconstitution of PCP, PR, OPF Boards

byCT Report
05/12/2024
in Breaking News, Karachi, Latest News, Slider News
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ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired a meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs) which approved different summaries including reconstitution of the Board of Directors for Printing Corporation of Pakistan (PCP), Pakistan Railways (PR) and Overseas Pakistanis Foundation (OPF).

The meeting was attended by Minister for Planning, Development and Special Initiatives Ahsan Iqbal, Minister for Commerce Jam Kamal Khan, Minister for Economic Affairs Ahad Khan Cheema, Minister for Housing and Works Mian Riaz Hussain Pirzada, Minister for Science and Technology Dr Khalid Maqbool Siddiqui, Governor State Bank of Pakistan (SBP), Executive Director Securities and Exchange Commission of Pakistan (SECP), Federal Secretaries, and senior officers from the Finance Division, a news release said.

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The committee reviewed a summary from the Cabinet Division regarding the reconstitution of the Board of Directors of the Printing Corporation of Pakistan (PCP).

The Board, previously composed solely of ex-officio members, was required to include a majority of independent directors in accordance with the SOEs Ownership and Management Policy 2023.

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