Finance minister approves reconstitution of NICL Board of Directors
The Cabinet Committee on State-Owned Enterprises (CCoSOEs) approved on Saturday reconstitution of the Board of Directors of National Insurance Company Limited (NICL), the Finance Division said. The development came as the committee met at the Finance Division. The meeting was also attended by Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry and Federal Minister for Commerce,…
The Finance Minister, Aurangzeb, has approved the reconstitution of the Board of Directors for National Insurance Company Limited (NICL), according to the Finance Division. This decision was made during a meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs) at the Finance Division, which also included Federal Ministers for Maritime Affairs and Commerce.
The committee reviewed a summary submitted by the Commerce Division regarding the proposed nominations for the Board of NICL. The approved reconstitution includes two Independent Directors and four ex-officio Directors, all in compliance with the SOEs Act, 2023, and the SOEs Policy, 2023. Aurangzeb is currently on a trip to Bangkok, Thailand, to represent Pakistan at the World Bank Group–IMF Annual Meetings 2026, which will take place from October 12 to 18, 2026.
During this visit, the finance minister will engage with international financial institutions, policymakers, and global investors, as Pakistan transitions towards sustainable growth and strengthens structural reforms.
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