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Punjab caretaker CM decides to close 12 govt companies

byCT Report
30/06/2018
in Business
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LAHORE: Punjab caretaker Chief Minister Hasan Askari has decided to close 12 non-active and non-operational corporations established by ex-chief minister Shehbaz Sharif.

In a meeting to review the performance of Punjab’s public sector companies, the interim setup decided that a comprehensive strategy would be designed to bring necessary balance in the salaries of officers and employees of public sector departments as well as government officers posted in such companies.

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Deputation allowance to government officers and other employees posted in public sector companies to lessen the fiscal burden on the exchequer was also proposed during the meeting.

Rizvi, while addressing the meeting, decided to extend necessary cooperation to the anti-graft watchdog with regard to the companies established under the 2013-2018 Pakistan Muslim League-Nawaz (PML-N) government.

The chief minister said that secretaries would give a detailed briefing to their respective ministers about the public sector companies established in their departments. “Afterwards, the final recommendations will be presented to the caretaker cabinet for an approval,” he added.

It was stated during the briefing that implementation had been made on the decision to remove politically-appointed personalities in the boards of directors of the said companies, while the law department apprised the meeting about the legal mechanism to close down public sector companies and other legal matters pertaining to them.

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