The Senate Standing Committee on Finance and Revenue here on Wednesday opposed the State-Owned Enterprises (Governance and Operation) Bill 2022. The Committee met under the chairmanship of Saleem Mandviwalla to discuss various issues pertaining to the Ministry and its attached departments. Minister of State for Finance and Revenue, Dr Aisha Ghaus Pasha told the Committee that the SOEs Bill was introduced by the PTI government during March 2021 and also presented and approved in the National Assembly of Pakistan so, we all have to read it again. She highlighted that the Central Monitoring Unit (CMU) has been established, which also maintained an electronic database of the financial and operational performance of the
sate-owned enterprises.

Senator Saadia Abbasi said that we have to endorse those policies which are in national interest and all the entities are loss making. She said that if the SOEs are not working and profit making then the government should have to close it. The Committee opposed the SOEs Bill 2022 through majority votes. The Committee also considered the matter regarding regularization of outsourced staff of National Bank of Pakistan (NBP).

Credit: Independent News Pakistan-INP