Federal Government Approves New Board Appointments at NESPAK, HESCO and SEPCO

The federal government has approved new board appointments at three state-owned organisations, advancing governance changes at National Engineering Services Pakistan (NESPAK), Hyderabad Electric Supply Company (HESCO) and Sukkur Electric Power Company (SEPCO).

The decisions were taken at a meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs), chaired by Finance Minister Muhammad Aurangzeb at the Finance Division. The committee approved the appointment of a Chairman and Independent Director at NESPAK and the reconstitution of HESCO's Board of Directors. It also cleared the appointment of an independent director to SEPCO's board.

Federal Minister for Science and Technology Khalid Hussain Magsi attended the meeting, along with federal secretaries and senior officials from relevant ministries, government divisions and regulatory bodies.

During the session, Aurangzeb emphasised that government officials serving as ex-officio directors on these boards should possess the relevant qualifications, experience and understanding of their respective institutions. He said these representatives should be able to effectively represent their divisions and contribute meaningfully to the organisations' governance.

The appointments form part of ongoing efforts to strengthen oversight and professional management at state-owned enterprises, particularly in the power and engineering sectors. NESPAK is a major engineering consultancy, while HESCO and SEPCO are electricity distribution companies serving parts of Sindh.