KARACHI / ISLAMABAD — The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Tuesday approved proposals concerning the appointment of a chairman/independent director at National Engineering Services Pakistan (NESPAK), the reconstitution of the board of Hyderabad Electric Supply Company (HESCO) and the appointment of an independent director to the board of Sukkur Electric Power Company (SEPCO), according to a statement issued by the Ministry of Finance.
The decisions were taken at a meeting of the committee chaired by Finance Minister Muhammad Aurangzeb at the Finance Division. "The Cabinet Committee on State-Owned Enterprises (CCoSOEs) was held today under the chairmanship of Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, at the Finance Division," the statement said. Minister for Science and Technology Khalid Hussain Magsi also attended the meeting along with relevant Federal Secretaries and senior representatives of various ministries, divisions and regulatory bodies.
The statement said the committee considered two agenda items concerning the appointment of a chairman/independent director at NESPAK and the reconstitution of HESCO's board, alongside the appointment of an independent director to SEPCO's board. "After deliberations, both proposals were approved," the Finance Division said. "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," the statement concluded.