The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Monday approved a series of high-level board appointments across several major public sector organisations. These include Zarai Taraqiati Bank Limited (ZTBL), Port Qasim Authority, Sui Northern Gas Pipelines Limited (SNGPL), Sindh Engineering Ltd, the Small and Medium Enterprises Development Authority (SMEDA), and the State Engineering Corporation.
The meeting, chaired by Federal Minister for Finance Senator Muhammad Aurangzeb, underscored the government’s continued focus on strengthening governance and transparency.
According to a statement issued by the Finance Ministry, the session was attended by Federal Minister for Planning Ahsan Iqbal and Federal Minister for Science and Technology Khalid Hussain Magsi. Relevant secretaries and senior officials were also present.
The committee reviewed and approved several summaries submitted by the Finance, Maritime Affairs, and Petroleum Divisions. Among the key decisions were the appointment of an independent director to the board of ZTBL. Also, the selection of independent directors for the Port Qasim Authority. There was also a nomination to fill a casual vacancy on the board of SNGPL.
Additionally, the Industries and Production Division presented three summaries, which were also approved. These included:
- Formation of the board of directors for Sindh Engineering (Pvt) Ltd,
- Appointment of a private-sector representative from Punjab to the SMEDA board, and
- Constitution of the board of directors for the State Engineering Corporation.
Concluding the meeting, Finance Minister Muhammad Aurangzeb commended the efforts made to ensure the selection of qualified professionals. These professionals come from the private sector as independent directors.
He emphasised that appointments to the boards of state enterprises must continue to reflect professional competence, integrity, and sectoral expertise. This ensures that each organisation benefits from effective leadership and sound governance. Aurangzeb reiterated the government’s commitment to maintaining a rigorous, merit-based selection process. This enhances the performance and accountability of Pakistan’s public enterprises.
