Govt approves board changes at HESCO, SEPCO & NESPAK
The government has approved changes to the boards of three state-owned enterprises (SOEs), including the reconstitution of the boards of Hyderabad Electric Supply Company (HESCO) and Sukkur Electric Power Company (SEPCO), and the appointment of a chairman/independent director at National Engineering Services Pakistan (NESPAK). The development came during a meeting of the Cabinet Committee on…
The government has greenlit alterations to the boards of three state-owned enterprises, namely Hyderabad Electric Supply Company (HESCO), Sukkur Electric Power Company (SEPCO), and National Engineering Services Pakistan (NESPAK). This decision was made during a recent Cabinet Committee on State-Owned Enterprises (CCoSOEs) meeting chaired by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.
The committee deliberated on two key items: the appointment of a chairman/independent director for NESPAK, and the reorganization of HESCO's board, as well as the appointment of an independent director to SEPCO's board. All proposals were endorsed following thorough discussions. The finance minister highlighted the importance of selecting government representatives on these boards who are competent, experienced, and possess a deep understanding of their respective divisions.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
