Disaster fund to be declared mandatory SOE

The Cabinet Committee on State-Owned Enterprises (SOEs) has decided to declare the National Disaster Risk Management Fund (NDRMF) as a mandatory state-owned enterprise.

The committee also approved a proposal regarding the board of directors for the Pakistan Industrial Development Corporation (PIDC) and gave the green light to another key appointment for the Pakistan Steel Fabricating Company Limited (PSFCL).

According to the Ministry of Finance, the committee's meeting took place on Friday at the Finance Division, presided over by Federal Minister for Finance and Revenue Muhammad Aurangzeb.