The caretaker Punjab government on Friday decided to close down non-active and non-operational public sector companies in the Punjab. The decision was taken during a meeting held here to review the performance of public sector companies and other issues; caretaker Punjab Chief Minister Dr Hasan Askari chaired the meeting.
The meeting decided that non-active and non-operational companies will be closed down after fulfilling all legal requirements, rules and regulations and after getting NOC from the NAB. It also decided that the caretaker government will extend necessary cooperation to the NAB Punjab with regard to public sector companies.
The meeting was told that a comprehensive strategy will be designed to bring necessary balance in the salaries of officers and employees of public sector departments and government officers and employees posted in different companies. It was proposed to give deputation allowance to government officers and employees posting in such companies so as to lessen the fiscal burden on government exchequer.
While addressing the meeting, the caretaker Chief Minister said that secretaries will give a detailed briefing to their respective ministers about such companies where public sector companies are established in Punjab government departments. "Afterwards, final recommendations will be presented to the caretaker cabinet for final approval," he added.
The meeting was presented different proposals and recommendations with regard to public sector companies. It was stated in the briefing that implementation has been made on the decision to remove the politically-appointed personalities in the boards of directors of public sector companies.
The law department apprised the meeting about the legal mechanism of closing down public sector companies and other legal matters pertaining to them. Secretaries of different departments gave a detailed briefing about the matters pertaining to public sector companies. Provincial ministers, Chief Secretary and secretaries of the concerned departments attended the meeting.
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