ISLAMABAD, Nov 10 (APP):The Cabinet Committee on State-Owned Enterprises (CCoSOEs), chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, on Tuesday approved proposals regarding the appointment and reconstitution of Boards of Directors of NESPAK, HESCO and Sukkur Electric Power SEPCO. The meeting was also attended by Federal Minister for Science and Technology Khalid Hussain Magsi, relevant federal secretaries and senior representatives of various ministries, divisions and regulatory bodies. …
CCoSOEs approves proposals for NESPAK, HESCO, SEPCO boards
ISLAMABAD, Nov 10 (APP):The Cabinet Committee on State-Owned Enterprises (CCoSOEs), chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, on Tuesday approved proposals regarding the appointment and reconstitution of Boards of Directors of NESPAK, HESCO and Sukkur Electric Power SEPCO.
The meeting was also attended by Federal Minister for Science and Technology Khalid Hussain Magsi, relevant federal secretaries and senior representatives of various ministries, divisions and regulatory bodies.
The committee considered two agenda items, including the appointment of Chairman/Independent Director of National Engineering Services Pakistan (NESPAK) and the reconstitution of the Board of Directors of Hyderabad Electric Supply Company (HESCO), along with the appointment of an independent director for the Board of Sukkur Electric Power Company (SEPCO).
After detailed deliberations, the committee approved the proposals.
The finance minister stressed that government representatives serving as ex-officio directors on the boards of state-owned enterprises should hold appropriate positions and possess the necessary competence, experience and institutional understanding to effectively represent their respective divisions.
