Govt approves board changes at NESPAK, HESCO and SEPCO
MG News | November 10, 2026 at 03:19 PM GMT+05:00
November 10, 2026 (MLN): The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has approved proposals for changes to the boards of National Engineering Services Pakistan (NESPAK), Hyderabad Electric Supply Company (HESCO) and Sukkur Electric Power Company (SEPCO).
The decisions were taken during a committee meeting chaired
by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb at the
Finance Division.
The committee approved the appointment of a
Chairman/Independent Director at NESPAK and the reconstitution of HESCO’s Board
of Directors, along with the appointment of an independent director to SEPCO’s
board.
Federal Minister for Science and Technology Khalid Hussain
Magsi, relevant federal secretaries and senior representatives of various
ministries, divisions and regulatory bodies also attended the meeting.
During the meeting, the Finance Minister stressed that
government officials serving as ex-officio directors on SOE boards should be
suitably positioned, competent and equipped with the necessary experience and
institutional understanding to effectively represent their respective
divisions.
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