ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (SOEs), chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, has approved proposed nominations for the reconstitution of the Board of Directors of the National Insurance Company Limited (NICL).
The committee meeting was held at the Ministry of Finance and attended by Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and Federal Minister for Commerce Jam Kamal Khan.
During the meeting, the committee considered a summary submitted by the Ministry of Commerce regarding the reconstitution of NICL’s board and approved the proposed nominations.
The approved nominations include two independent directors and four ex-officio directors.
The approval was granted in accordance with the State-Owned Enterprises Act, 2023, and the State-Owned Enterprises Policy, 2023, ensuring compliance with the applicable legal and policy framework governing state-owned entities.
