{"id":70661,"date":"2020-09-18T10:08:00","date_gmt":"2020-09-18T05:08:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70661"},"modified":"2020-09-18T11:17:00","modified_gmt":"2020-09-18T06:17:00","slug":"cabinet-approves-law-reform-state-owned-enterprises","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cabinet-approves-law-reform-state-owned-enterprises.html","title":{"rendered":"Cabinet approves law to reform state-owned enterprises"},"content":{"rendered":"\n<p>Islamabad: The federal cabinet has ratified a law, proposed and prepared by the Cabinet Committee on state-owned enterprises, to reform underperforming public sector entities in a bid to meet requirements of structural reforms communicated by the International Monetary Fund (IMF), a news source reported on September 16.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/cabinet-committee-approves-law-cut-losses-state-owned-enterprises.html\" target=\"_blank\" rel=\"noreferrer noopener\">Cabinet committee approves law to cut losses for state-owned enterprises<\/a><\/p>\n\n\n\n<p>According to the draft of the law, titled \u2018State Owned Enterprises (Governance and Operations) Act, 2020\u2019, measures will be introduced to ensure effective and prudent management of enterprises and measurable performance goals will be set. The performance will also have to be reported in a transparent and timely way. The law will also establish the selection criteria for the management of the enterprise and governance mechanism for it.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pm-orders-forensic-audit-major-state-owned-enterprises.html\" target=\"_blank\" rel=\"noreferrer noopener\">PM orders forensic audit of major state-owned enterprises<\/a><\/p>\n\n\n\n<p>The draft law has been prepared by the Finance Division and it has also been vetted by the Law division.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal cabinet has ratified a law, proposed and prepared by the Cabinet Committee on state-owned enterprises, to reform underperforming public sector entities in a bid to meet requirements of structural reforms communicated by the International Monetary Fund (IMF), a news source reported on September 16. Read: Cabinet committee approves law to cut losses for state-owned enterprises According to the draft of the law, titled \u2018State Owned Enterprises (Governance and Operations) Act, 2020\u2019, measures will be introduced to ensure effective and prudent management of enterprises and measurable performance goals will be set. The performance will also have to be reported in a transparent and timely way. The law will also establish the selection criteria for the management of the enterprise and governance mechanism for it. Read: PM orders forensic audit of major state-owned enterprises The draft law has been prepared by the Finance Division and it has also been vetted by the Law division.<\/p>\n","protected":false},"author":57,"featured_media":63188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[39792,39791,37587],"persona":[],"class_list":{"0":"post-70661","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-cabinet","9":"tag-cabinet-approves-law-to-reform-state-owned-enterprises","10":"tag-state-owned-enterprises","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cabinet approves law to reform state-owned enterprises - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal cabinet has ratified a law, proposed and prepared by the Cabinet Committee on state-owned enterprises, to reform underperforming public sector entities in a bid to meet requirements of structural reforms communicated by the International Monetary Fund (IMF), a news source reported on September 16.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/cabinet-approves-law-reform-state-owned-enterprises.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet approves law to reform state-owned enterprises - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal cabinet has ratified a law, proposed and prepared by the Cabinet Committee on state-owned enterprises, to reform underperforming public sector entities in a bid to meet requirements of structural reforms communicated by the International Monetary Fund (IMF), a news source reported on September 16.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cabinet-approves-law-reform-state-owned-enterprises.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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