The Federal Government on Thursday promulgated four ordinances including the National Highway Authority (Amendment) Ordinance 2023, Pakistan Postal Services Management Board (Amendment) Ordinance 2023, Pakistan National Shipping Corporation (Amendment) Ordinance 2023, and Pakistan Broadcasting Corporation (Amendment) Ordinance 2023 The secretaries of all the ministries concerned briefed the President on the urgency of the ordinances as the matter was agreed upon with the International Monetary Fund in July this year regarding the four state-owned enterprises (SOEs), according to a Press Information Department news release. The amendments in the laws of the above entities as signed by the President have been made to bring them in conformity with the State Owned Enterprises (Governance and Operations) Act, 2023, promulgated in January 2023. The SOE law has been enacted in order to improve the governance and operations of SOEs for enhancing the quality of service delivery and to bring about fiscal discipline. “The government is now in the process of extending the provisions of the SOE law to such entities that are governed by special statutes. This will make their operations efficient and transparent,” the news release said.
