The Board of Directors (BoD) of Pakistan Revenue Automation (PVT.) Ltd. (PRAL) was reconstituted on Saturday with approval from the Cabinet Committee on State-Owned Enterprises (CCoSOEs).
The Federal Minister for Finance and Revenue Muhammad Aurangzeb virtually led the CCoSOEs meeting in the Finance Division, where the approval was granted.
The meeting reviewed a proposal from the Revenue Division to reconstitute the PRAL Board of Directors in accordance with the guidelines outlined in the State Owned Enterprises Act 2023, according to a statement issued by the Finance Division.
The statement said, “The meeting considered the recommendation of the Board Nominations Committee, as per Section (1) of Section 10 of the Enterprises (Governance and Operations) Act, 2023, of five majority independent directors and four ex-officio members.”
It is important to note that PRAL, which was founded in 1994, is in charge of offering technology-driven solutions to FBR and is a key player in automating the nation’s tax collecting system.
In the meanwhile, during the meeting, the committee was informed that each of the five individuals who were suggested for independent director positions came from the private sector and had appropriate experience working in senior management roles.
