PPL, OGDCL Boards Get Independent Directors

The Cabinet Committee on State-Owned Entities (CCoSOEs) has sanctioned the nomination of independent directors for Pakistan Petroleum Limited (PPL) and Oil & Gas Development Company Limited (OGDCL). This move addresses vacant board positions in two major state-owned energy companies, aligning with the State-Owned Enterprise Policy, 2023. Improved governance in key SOEs could subtly bolster investor confidence in Pakistan's economy, potentially offering minor, long-term support to the Pakistani Rupee.

بحوالہ / Source: www.brecorder.com