FM Aurangzeb vows to improve governance, beef up accountability

Finance Minister M Aurangzeb has reaffirmed government's commitment to improving governance, enforcing accountability, and placing State-Owned Enterprises on a path toward financial sustainability and operational efficiency.

He was chairing a meeting of the Cabinet Committee on State-Owned Enterprises in Islamabad today. The Cabinet Committee was presented the Annual Consolidated Performance Report of Commercial and Non-Commercial State-Owned Enterprises (SOEs) for Fiscal Year 2024-25. 

The report covered in depth detail of financial and non-financial performance of SOEs, government support and fiscal flows, contribution of SOEs to the exchequer, debt profile, corporate governance and compliance status, business plan assessments, and the proposed way forward under the SOEs Act, 2023.

Earlier, the Cabinet body also approved appointment of independent directors in the Gujranwala Power Company (GEPCO), Jamshoro Power Generation Company Limited (JPCL), Energy Infrastructure Development and Management Company (EIDMC), Independent System Market Operator (ISMO), Islamabad Electronic Supply Company (IESCO) and Tribal Areas Electric Supply Company (TESCO).