The federal government has given approval for reconstitution of the board of directors (BoDs) of Pakistan Railways.
To revamp the Pakistan Railways, the new board would largely be dominated by members from the private sector, Pakistan Today learnt on Tuesday.
Official documents made available to Pakistan Today show that the new BOD will include eleven professionals from the private sectors, three members from the public sector and two ex-officio officers.
The proposed list of names for the railways BOD shows that the government is considering the names of industrialist Mian Azizur Rehman, noted economic professor Dr Akmal Hussain, Sui Northern Gas Pipelines Ltd (SNGPL) former general manager Engineer Saeeduz Zaman, former banker Ahmed Alman Aslam, LUMS professor Dr Imran Ali, agriculturist Qaiser Zulfiqar, WAPDA Chairman Shakeel Durrani, advocate Malik Mushtaq Ahmed, Pakistan Railways former general managers Aurangzeb Khan and Iqbal Samad Khan and the member Privatisation Commission Board.
Similarly, federal minister for railways or railways chairman, member (nominee of Ministry of Railways) and representative from the Cabinet Committee on Restructuring (CCOR) would represent the public sector.
Whereas, the Pakistan Railways chief executive officer (CEO) or member and chief financial officer (CFO), member finance (Auditor General Department) would be included as ex-officio.
According to the railways’ existing rules, the board consists of a chairman and members who are appointed by the federal government and includes railways division secretary (chairman of the board), communication division secretary, finance division secretary, planning and development division secretary, Pakistan Railways general manager operations and general manager manufacturing and services and Railways Division member finance as ex-officio.
It also includes three members from the private sector, which are nominated by the federal government.
The federal cabinet in its meeting held in March 2010 considered a summary submitted by the Finance Division on “Approval of the Decision of Cabinet Committee on Restructuring (CCOR) of Public Sector Enterprises (PSEs)” and approved the proposed roadmap for reorganisation of the boards of directors of the identified PSEs.
