Islamabad, Pakistan: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has approved the reconstitution of the Board of Directors (BoD) of Pakistan Revenue Automation (PRAL).
The decision was made during a virtual meeting chaired by Finance Minister Muhammad Aurangzeb. The CCoSOEs considered a proposal by the Revenue Division to reconstitute the PRAL BoD in accordance with the State Owned Enterprises Act 2023.
The Board Nominations Committee recommended five majority independent directors and four ex-officio members for the board. The meeting strongly endorsed these recommendations.
PRAL, established in 1994, is a vital technology provider for the Federal Board of Revenue (FBR), playing a crucial role in automating the country’s tax collection system. Business Recorder
Finance Minister Aurangzeb praised the decision to have a majority of independent directors on the board and commended the selection of prominent professionals from the SME sector. He expressed hope that the new board will provide strong oversight and management to PRAL, contributing to the achievement of revenue generation goals.
The meeting was attended by several key government officials, including the Minister for Maritime Affairs, the FBR Chairman, the SECP Chairman, and senior officials from relevant ministries and departments.
