{"id":1945,"date":"2024-09-13T08:59:06","date_gmt":"2024-09-13T08:59:06","guid":{"rendered":"https:\/\/www.peakpoint.pk\/en\/?p=1945"},"modified":"2024-09-13T08:59:06","modified_gmt":"2024-09-13T08:59:06","slug":"chairman-ogdcl-calls-for-stronger-governance-to-unlock-soes-potential","status":"publish","type":"post","link":"https:\/\/www.peakpoint.pk\/en\/2024\/09\/13\/chairman-ogdcl-calls-for-stronger-governance-to-unlock-soes-potential\/","title":{"rendered":"Chairman OGDCL Calls for Stronger Governance to Unlock SOEs&#8217; Potential"},"content":{"rendered":"<p>Chairman OGDCL, Zafar Masud, said that strong governance is crucial to unlocking the true potential of State-Owned Enterprises (SOEs) in Pakistan.<\/p>\n<p>Virtually speaking at the &#8216;Directors Summit 2024,&#8217; organized by the Pakistan Institute of Corporate Governance (PICG) in Karachi, Zafar Masud emphasized the crucial role SOEs play in Pakistan&#8217;s economy, operating in key sectors like energy, transport, communication, and finance. He said that SOEs are instrumental in generating employment, building infrastructure, and supporting long-term growth.<\/p>\n<p>However, Zafar Masud acknowledged that despite their strategic importance, many SOEs have become associated with inefficiencies, financial mismanagement, and a reliance on government bailouts. &#8220;Inefficiencies, financial mismanagement, and over-reliance on government bailouts have sadly become synonymous with many of these enterprises,&#8221; the Chairman OGDCL said.<br \/>\nThe Chairman urged for reforms in governance and said that with improved governance, SOEs have the potential to significantly contribute to the national exchequer.<br \/>\nWatch the video for Chairman OGDCL&#8217;s insightful talk.<\/p>\n<p><iframe loading=\"lazy\" title=\"Chairman OGDCL Calls for Stronger Governance to Unlock SOEs&#039; Potential\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/OKzm1SQgGBM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chairman OGDCL, Zafar Masud, said that strong governance is crucial to unlocking the true potential of State-Owned Enterprises (SOEs) in Pakistan. Virtually speaking at the &#8216;Directors Summit 2024,&#8217; organized by the Pakistan Institute of Corporate Governance (PICG) in Karachi, Zafar Masud emphasized the crucial role SOEs play in Pakistan&#8217;s economy, operating in key sectors like &hellip;<\/p>\n","protected":false},"author":5,"featured_media":1946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,94],"tags":[320,318,319,317,316],"class_list":["post-1945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan","tag-chairman-ogdcl","tag-directors-summit-2024","tag-ogdcl","tag-picg","tag-zafar-masud"],"_links":{"self":[{"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/posts\/1945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/comments?post=1945"}],"version-history":[{"count":1,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/posts\/1945\/revisions"}],"predecessor-version":[{"id":1947,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/posts\/1945\/revisions\/1947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/media\/1946"}],"wp:attachment":[{"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/media?parent=1945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/categories?post=1945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/tags?post=1945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}