Cabinet committee on Restructuring of Public Sector Enterprises meetin

ISLAMABAD: The third meeting of the Cabinet Committee on Restructuring of Eight Public Sector Enterprises was held here Thursday with the Federal Minister for Finance Dr. Abdul Hafeez Shaikh in the chair.The meeting deliberated upon and finalized the already submitted proposals to the Committee by the concerned ministries for the re-structuring of the Board of Directors of the Pakistan Steel Mills, Pakistan Railways and National Transmission and Distribution Companies, said a statement issued by the Ministry of Finance. The proposals that were submitted emphasized for seeking more involvement of private sector, members of the civil society and the best minds to get the job done.
The Board of Directors as proposed will be autonomous in its nature to formulate policy of the respective enterprises so that they may be made financially and technically viable and selfrelience.It was also decided that the CCOR on PSEs meeting shall be held regularly on weekly basis to know the ongoing work and development in this regard. Their restructuring proposals shall be submitted to the Cabinet for further discussion and for the final approval by the Prime Minister.Federal Minister for Water and Power Raja Pervaiz Ashraf, Minister for Railways Ghulam Ahmad Bilour, Minister for Law Dr.  Babar Awan, Minister for Industries and Production Mir Hazar Khan Bijrani, Minister of State for Finance Ms. Hina Rabbani Khar, Deputy Chairman Planning Commission, Secretary Finance, Secretary Water and Power, General Manager Railways and other concerned officials of the ministries and divisions attended the meeting – APP