Cabinet SOEs Committee Approves Key Appointments, Procurement Policy
Islamabad: The Cabinet Committee on State-Owned Enterprises (SOEs), chaired by Finance Minister Muhammad Aurangzeb, held a meeting to review key matters related to governance, restructuring, and appointments across several public sector entities.During the meeting, the committee approved the Export-Import Bank of Pakistan’s Procurement Policy for 2025.
The committee also approved appointments to the boards of the National Insurance Company Limited (NICL), State Life Insurance Corporation, and the Trading Corporation of Pakistan. Approval was granted for the appointment of a chairman and one independent director at the National Insurance Company.
In addition, the committee approved the appointment of independent directors to the boards of State Life Insurance Corporation and the Trading Corporation of Pakistan.
The meeting further approved plans to restructure the Pakistan Tourism Development Corporation (PTDC) into a lean and effective organization.
The committee decided to retain the Pakistan Industrial Development Corporation (PIDC) as a “Centre of Excellence.” However, it sought a separate summary regarding PIDC’s assets and funding structure for further consideration.
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