ECC approves board appointments at Strategic Digital Wallet Company

Business Recorder reported that the Cabinet Committee on State-Owned Enterprises approved four independent director appointments for the Strategic Digital Wallet Company on Monday. The Finance Division had brought the proposal to the committee, which met under Finance Minister Muhammad Aurangzeb, with Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry also present. The wallet company is tasked with administering Pakistan’s sovereign virtual assets.

The committee also cleared two nominations to Pakistan State Oil Company’s Board of Management, one for a female independent director and another independent member. These appointments form part of the board’s reconstitution after the previous statutory term ended. Separately, it postponed a Commerce Ministry proposal to create the Pakistan Pharma Export Promotion Council, asking for further consultation, while approving appointments to activate the Clean Environment Fund Company under the Pakistan Environmental Protection Agency.