The Cabinet Committee on State-Owned Enterprises (CCoSOE) has given its formal approval for the appointment of new directors to several key state institutions, marking a significant step in the government's efforts to strengthen corporate governance in public sector entities.
Major Leadership Appointments Approved
During its recent session, the committee greenlit the nomination of Syed Waseem Ul Haq as Director on the Board of Directors of the Zarai Taraqiati Bank Limited (ZTBL). This appointment is expected to bring fresh perspective to the agricultural banking sector, which plays a crucial role in supporting Pakistan's farming community.
Similarly, the committee approved the appointment of Muhammad Zubair Motiwala as Director on the Board of Directors of the Port Qasim Authority (PQA). This strategic appointment comes at a time when Pakistan is seeking to enhance its maritime trade capabilities and improve port operations efficiency.
Engineering Entities Get New Leadership
In a move to strengthen technical oversight, the CCoSOE also approved the appointment of Rana Muhammad Ayub as Director on the Boards of Directors for both Sui Northern Gas Pipelines Limited (SNGPL) Engineering and SNGPL Engineering (Services). This dual appointment underscores the government's focus on improving the performance of critical energy infrastructure entities.
The decisions were made during the committee's session held on November 25, 2025, reflecting the current administration's commitment to placing qualified professionals in leadership positions within state-owned enterprises. These appointments are part of broader reforms aimed at enhancing transparency, accountability, and operational efficiency across public sector organizations.
Implications for State-Owned Enterprises
These leadership changes are expected to have far-reaching implications for the respective organizations. ZTBL, as a premier agricultural development bank, stands to benefit from improved governance at a time when the agricultural sector faces numerous challenges. The Port Qasim Authority appointment comes when the port is expanding its operations and handling increasing trade volumes.
For SNGPL, the world's largest utility company serving millions of consumers across Punjab and Khyber Pakhtunkhwa, the new directorial appointments are crucial for overseeing engineering operations that maintain and expand the country's vital gas distribution network.
The CCoSOE's approval of these appointments demonstrates the government's ongoing efforts to professionalize the management of state-owned enterprises, which have historically faced challenges related to governance, financial performance, and service delivery. These strategic placements are anticipated to contribute to improved decision-making and enhanced organizational performance across these critical sectors of Pakistan's economy.
