CM-led meeting decides to close down non-active public sector companies

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APP41-29 LAHORE: June 29 – Caretaker Punjab Chief Minister Dr. Hasan Askari addressing the meeting of Secretaries of Provincial Govt. Departments at the Secretariat. APP

 

LAHORE, Jun 29 (APP):A meeting was held with caretaker
Punjab Chief Minister Dr Hasan Askari in the chair here Friday
to discuss the performance of public sector companies and other
related issues.
The meeting decided to close down non-active and non-operational companies in the province after fulfilling all legal requirements,
rules and regulations, and after getting a no objection certificate
(NOC) from National Accountability Bureau (NAB). It was also decided
that the caretaker government would extend necessary cooperation to
NAB Punjab with regard to public sector companies investigation.
The meeting decided that a comprehensive strategy would be designed
to bring necessary balance in the salaries of officers and employees of public sector departments and government officers and employees posted
to different companies. It was proposed that deputation allowance
should be given to the government officers and employees posting to
such companies to lessen the fiscal burden on government exchequer.
The caretaker CM said that secretaries would give a detailed
briefing to their respective ministers about such companies where public sector companies were established in Punjab government departments. Afterwards, final recommendations would be presented to the caretaker cabinet for final approval.
It was stated in the briefing that implementation had been made
on the decision to remove the politically-appointed personalities to
the boards of directors of public sector companies.
The Law Department apprised the meeting about the legal mechanism of closing down public sector companies and other legal matters pertaining to them.
Provincial ministers, chief secretary and secretaries of the
departments concerned attended the meeting.