Independent directors for Discos approved
The Cabinet Committee on State-Owned Enterprises (CCoSOEs) made a significant decision on Monday, approving the Power Division’s proposal for the nomination of independent directors for specific electricity distribution companies. This decision, which is now set for onward submission to the cabinet, is very important for the future of these companies. The committee meeting, chaired by Finance Minister Muhammad Aurangzeb, didn’t approve the Ministry of Railways’ proposal to categorise four railway companies as strategic and essential and directed it to submit a transformation plan.