The Cabinet Committee on State-Owned Enterprises (CCoSOE) has approved a series of board-level proposals for three major public-sector entities: Hyderabad Electric Supply Company (HESCO), Sukkur Electric Power Company (SEPCO), and National Engineering Services Pakistan (NESPAK). The decisions were finalized during a meeting held on November 10, 2026.
The approved measures include a full reconstitution of HESCO’s board, the appointment of an independent director to SEPCO’s board, and the appointment of a chairman-cum-independent director at NESPAK. The committee reviewed the matters under two separate agenda items and endorsed both proposals following detailed deliberations.
The meeting was chaired by Federal Minister for Finance and Revenue Muhammad Aurangzeb at the Finance Division. Federal Minister for Science and Technology Khalid Hussain Magsi attended alongside federal secretaries and senior representatives from relevant ministries, divisions, and regulatory bodies.
Addressing the forum, Minister Aurangzeb emphasized that government representatives serving as ex-officio directors on state-owned enterprise boards must be suitably qualified. He stressed the need for competence, relevant experience, and institutional understanding to effectively represent their respective divisions. The approvals signify the green light for the proposed board changes; the formal appointment notifications for the selected individuals will follow separately.