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Monday January 20, 2025

PHA to be retained in public sector

Pakistan Housing Authority (PHA) Foundation as part of public sector and directed authorities

By Our Correspondent
August 13, 2024
Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb (4th from left), Minister for Housing & Works Riaz Hussain Pirzada, (5th from left), Minister for Maritime Affairs Qaiser Ahmed Sheikh (6th from left) and other officials are seen in this image released on August 12, 2024. — X/@Financegovpk
Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb (4th from left), Minister for Housing & Works Riaz Hussain Pirzada, (5th from left), Minister for Maritime Affairs Qaiser Ahmed Sheikh (6th from left) and other officials are seen in this image released on August 12, 2024. — X/@Financegovpk 

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 here on Monday.

The meeting was attended by Minister for Housing & Works Riaz Hussain Pirzada, Minister for Maritime Affairs Qaiser Ahmed Sheikh, Minister for Power Awais Leghari, Minister for Law & Justice Azam Nazeer Tarar, deputy chairman Planning Commission, governor State Bank of Pakistan (SBP), chairman Security Exchange Commission of Pakistan (SECP) and other senior officers from the relevant ministries/divisions.

The committee approved Finance Division and Power Division proposals for the appointment of candidates as independent directors/ chairmen to Zarai Taraqiati Bank Limited (ZTBL) and NTDC boards.

The committee also considered a proposal presented by the Ministry of Housing & Works and decided to categorize the Pakistan Housing Authority Foundation as essential with further directions to present a revised plan of the PHA-F to the committee.