PPL, OGDCL boards: CCoSOEs approves appointment of independent directors

ISLAMABAD: The government has approved the appointment of independent directors on the boards of Pakistan Petroleum Limited (PPL) and Oil & Gas Development Company Limited (OGDCL), moving to fill key vacancies in the two major state-owned energy companies.

The Cabinet Committee on State-Owned Entities (CCoSOEs), which met here on Thursday under the chairmanship of the Federal Minister for Finance and Revenue, Muhammad Aurangzeb, approved a summary submitted by the Petroleum Division regarding the nomination of an Independent Director on the Board of Directors of PPL against a vacant position, in accordance with the State-Owned Enterprise Policy, 2023.

The Committee also considered a summary submitted by the Petroleum Division regarding the constitution of the Board of Directors of OGDCL. The committee approved the proposed nominations against three positions of Independent Directors.

Copyright Business Recorder, 2026