Pakistan approves new directors for state oil and digital wallet firms

Four independent directors will join the board of the Strategic Digital Wallet Company, which is tasked with managing and safeguarding Pakistan’s sovereign virtual assets. One additional independent member was approved for the Pakistan State Oil board, alongside a nomination to appoint one female independent director to the management team.
The Ministry of Climate Change and Environmental Coordination successfully proposed the activation of the Clean Environment Fund Company. A total of two ex-officio and three independent directors will oversee the operations of the Clean Environment Fund Company.
Officials deferred a Ministry of Commerce proposal to establish the Pakistan Pharma Export Promotion Council as a Section 42 company under the Companies Act, 2017. The Ministry of Commerce must conduct further consultations with relevant stakeholders before resubmitting the proposal.



















































































