Islamabad : A meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs) was held on Tuesday under the chairmanship of Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, at the Finance Division.
Federal Minister for Science and Technology, Mr. Khalid Hussain Magsi, also attended the meeting, along with relevant Federal Secretaries and senior representatives of various ministries, divisions and regulatory bodies.
The Committee considered two agenda items concerning the appointment of Chairman/Independent Director of National Engineering Services Pakistan (NESPAK), and reconstitution of the Board of Directors of Hyderabad Electric Supply Company (HESCO), alongside appointment of an independent director on the Board of Sukkur Electric Power Company (SEPCO). After deliberations, both proposals were approved.
HESCO’s independent director are Ali Raza Talpur, Fareed ud-Din Sheikh, Syed Shayan Shah, Mohb Ali Khichi and Muhammad Liaqat whereas Arif Hussain Jakhrani has been appointed Intendent Director in SPECO.
Former Caretaker Minister, Shahid Ashraf Tarar has been appointed Chairman NESPAK Board.
The Finance Minister emphasised that government representatives serving as ex-officio directors on these boards should be appropriately placed, competent and possess the requisite experience and institutional understanding to effectively represent their respective divisions. ENDS
