Islamabad: A meeting of the Cabinet Committee on State-owned Enterprises convened in Islamabad under the leadership of Minister for Finance and Revenue Muhammad Aurangzeb. The session focused on critical appointments and policy approvals across various state-owned entities.

According to Radio Pakistan, the Committee approved a proposal from the Ministry of Information and Broadcasting to appoint independent directors to the Boards of Pakistan Television Corporation (PTVC) and Pakistan Broadcasting Corporation (PBC). Following a detailed shortlisting process, six independent directors were selected for each Board. The PTVC Board appointments include Ishtiaq Baig, Yasir S. Qureshi, Dr. Asghar Nadeem Syed, Tasneem Rehman, Leyla Zuberi, and Khalid Mehmood Khan. For the PBC Board, the newly appointed directors are Sadia Khan, Jehangir Khan, Sadiqa Sultan, Nasira Azim Khan, Khan Bibi, and Nadeem Haider Kiyani.

The Committee also discussed a proposal by the Ministry of Industries and Production regarding the Board of Directors for Agro Food Processing Facilities. Four independent directors were nominated: Hasnain Nawaz Khan, Shahid Mehmood Sahu, Ahsan Mustafa Bajwa, and Ghulam Jaffar Junejo. Additionally, Hasnain Nawaz Khan was endorsed as the Chairman of the Board, with three ex-officio members also set to join.

Further, the Committee reviewed the Procurement Policy of the Pakistan National Shipping Corporation, as presented by the Ministry of Maritime Affairs. The policy, noted for being the first comprehensive procurement strategy by a state-owned enterprise, was approved with recommendations for further refinement.

Additionally, the Committee approved the appointment of directors and members to the Board of the National Disaster Risk Management Fund, a proposal brought forward by the Ministry of Planning, Development, and Special Initiatives.

During the meeting, concerns were raised regarding the failure of certain state-owned enterprises to complete financial audits over several years. The Committee instructed these entities to commence their audit processes immediately and tasked the Securities and Exchange Commission of Pakistan with examining these cases to provide findings and recommendations to the Cabinet Committee on State-owned Enterprises in the future.