Cabinet committee approves changes to boards of NESPAK, HESCO and SEPCO

The Cabinet Committee on State-Owned Enterprises approved board-related changes at NESPAK, HESCO and SEPCO on Tuesday, The Express Tribune reported, citing a Finance Ministry statement. The measures cover a chairman or independent director at NESPAK, a reconstituted HESCO board and an independent director for SEPCO.

Finance Minister Muhammad Aurangzeb chaired the meeting, where officials also discussed the suitability and experience of government representatives serving as ex-officio directors. The decisions follow a wider effort to improve governance at state-owned enterprises, including power distribution companies; HESCO and SEPCO board changes had remained in process after most distribution-company boards were reconstituted in May 2025. The government has described stronger oversight and operational efficiency as goals of the new boards.