Govt overhauls PPL and OGDC boards

Mettis Global reported that the Cabinet Committee on State-Owned Enterprises has cleared board appointments at Pakistan Petroleum Limited (PPL) and Oil & Gas Development Company Limited (OGDC). The meeting was chaired by Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, at the Finance Division. The approvals form part of a push to refresh leadership at the country's major energy firms.

At PPL, the committee backed a Petroleum Division recommendation that a fresh Independent Director be named to a vacant board seat. The step is intended to align the company with SOE Policy 2023. At OGDC, which the report calls the country's largest explorer, the committee signed off on three Independent Director nominations to reconstitute the board.

According to the report, the approvals fit a wider federal directive to strengthen transparency, policy compliance and performance oversight across state-owned energy enterprises. The government's stated aim is to bring these firms in line with modern governance standards.