Stringent guidelines set for state-owned enterprises’ top slots

In compliance with the IMF programme, the government has set guidelines for top appointments in state-owned enterprises (SOEs) and initiated hiring four directors for the Debt Management Office (DMO). According to a notification issued by the Ministry of Finance (MoF), all ministries and federal SOEs have been directed to meet these minimum conditions described in the SOEs C-Level Appointments Guidelines 2024 to enhance governance, transparency, and operational efficiency and to achieve the strategic objective of eradicating public sector losses and preparing such entities for private sector participation. Simultaneously, the MoF has also announced vacancies for two directors in management payscale (MP-1) for Risk Management and Data Management and Analytics and two positions of assistant directors in MP-III for borrowing and data management in the DMO.