Finance minister approves reconstitution of NICL Board of Directors

The Cabinet Committee on State-Owned Enterprises approved a new board for National Insurance Company Limited (NICL) on Saturday, according to a Finance Division statement carried by Business Recorder. The committee met at the Finance Division with Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and Federal Minister for Commerce Jam Kamal Khan in attendance. The Commerce Division had sent a summary on the reconstitution, and the approved nominations comprise two Independent Directors and four ex-officio Directors under the SOEs Act, 2023 and the SOEs Policy, 2023.

Separately, Finance Minister Aurangzeb left on Saturday for Bangkok to lead Pakistan's delegation at the World Bank Group and IMF Annual Meetings 2026, which run from October 12 to 18. More than 60 high-level meetings are planned with international financial institutions, finance ministers, investors, banks and credit rating agencies. The trip is tied to Pakistan's shift toward investment and export-led growth, alongside structural reforms and wider engagement with global capital markets.