Prime Minister Imran Khan will chair the Federal Cabinet meeting today in Islamabad.
According to the details, the meeting will take up the seven-point agenda that includes the approval to start the process for appointment of pertinent chief executive officers (CEOs) of power distribution companies (DISCOs) and approve the selection of managing directors of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL).
This is the first time in two decades that regular appointments will be made on top positions of distribution companies.
It may be mentioned here that the move comes on the heels of over Rs 2.3 trillion circular debt in the power sector as of Sept 30, and about Rs350bn circular debt in the gas utilities, SNGPL and SSGCL, up from Rs 1.2tr and about Rs 120bn in 2018, respectively.
The Cabinet is expected to approve the appointments of Amir Tufail and Javed Hamdani as CEOs of SNGPL and SSGCL, respectively. While Hamdani and Amin Rajpoot are also being considered for positions in SSGCL. The Cabinet is also expected to clear an advertisement for the posts of CEOs and MDs of DISCOs.
It is pertinent to mention that the Law and Justice Division has supported the proposal to allow CEOs of IESCO, LESCO and MEPCO for holding these positions, or for 90 days.