Govt approves board appointments for PSO, sovereign digital assets company

The Cabinet Committee on State-Owned Enterprises approved two independent director nominations for Pakistan State Oil’s board on Monday, Profit by Pakistan Today reported. The appointments follow the end of the board’s previous statutory term and form part of its reconstitution. Finance Minister Muhammad Aurangzeb chaired the meeting at the Finance Division.

The committee also cleared four independent directors for the Strategic Digital Wallet Company, which will administer Pakistan’s sovereign virtual assets, and appointments to the board of the Clean Environment Fund Company. It postponed a proposal for a Pakistan Pharma Export Promotion Council, asking the Commerce Ministry to consult stakeholders before bringing it back. The council proposal would place the body under the Trade Development Authority of Pakistan.