SOEs law, which was amended on advice of IMF, is being misused by top management, says official
ISLAMABAD: Prime Minister Shahbaz Sharif has formed a high-level committee to reform the governance framework of state-owned enterprises (SOEs).
The 9-member committee will be headed by the Federal Minister for Establishment, and the committee has been directed to submit recommendations within 3 weeks.
The move comes after The News reported that the CEO of a state-owned company received benefits of more than Rs 355 million in 32 months.
According to a notification issued by the Cabinet Division on August 15, the committee has been tasked to review the process of appointment and governance of boards of SOEs and make it transparent and effective. to prevent abuse of power.
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