Pakistan, June 20 -- The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Friday approved a Public Service Obligation (PSO) Agreement for power distribution companies (WX-DISCOs), a move aimed at formalising service commitments in line with Pakistan's agreements with international financial institutions, while also clearing key board appointments at the Pakistan National Shipping Corporation (PNSC) and the Indigenous Research and Development (IRADA).

Finance Minister Muhammad Aurangzeb chaired the meeting of the CCoSOEs at the Finance Division, which was attended by Federal Minister for Commerce Jam Kamal Khan, Federal Minister for Science and Technology Khalid Hussain Magsi, and Federal Minister for Maritime Affairs Muhammad Ju...