PHA to be retained in public sector

ISLAMABAD: The government has decided to retain the Pakistan Housing Authority (PHA) Foundation as part of the public sector and directed authorities to come up with a revised plan for its effective functioning. Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb chaired a meeting of the Cabinet Committee on State-Owned Enterprises at the Finance Division. The meeting was attended by Minister for Housing & Works Riaz Pirzada, Minister for Maritime Affairs Qaiser Sheikh, Minister for Power Awais Leghari, Minister for Law & Justice Azam Nazeer Tarar, deputy chairman Planning Commission, governor SBP, chairman SECP and other officers from the ministries/divisions. The committee approved Finance Division and Power Division proposals for appointment of candidates as independent directors/chairmen to ZTBL and NTDC boards. The committee also considered a proposal by Ministry of Housing & Works and decided to categorize the PHA Foundation as essential with further directions to present a revised plan of the PHA-F to the committee.