EXIM Bank Governance Bill: Finance Panel Seeks Redraft
The National Assembly finance panel has raised concerns about EXIM Bank governance reforms. Therefore, it asked the Ministry of Finance to redraft the Export Import Bank amendment bill.
Lawmakers reviewed the proposed changes during a committee meeting on Wednesday. However, members said the draft needs more clarity before approval. The meeting was chaired by Naveed Qamar. Officials from the Ministry of Finance also attended the session.
Alignment with SOE Law and SBP Standards
Finance officials explained that the bill aims to improve oversight. In addition, it plans to align operations with the State Bank of Pakistan. The proposed law also follows the State Owned Enterprises Act. As a result, authorities want stronger governance rules for public financial institutions. Still, some members argued that the draft repeats earlier proposals. Therefore, they requested updates before moving forward.
CSR Spending Data Requested
The bill’s mover highlighted a new proposal on Corporate Social Responsibility. For example, it suggests mandatory CSR spending by private companies. Committee members supported further review. However, they asked the ministry to provide detailed CSR data first. They want clear information on spending patterns by private firms. As a result, the panel deferred the bill for the next meeting.
PSDP Approved Due to Time Limits
Lawmakers also reviewed the Public Sector Development Programme. Unfortunately, time constraints limited detailed discussion. Despite this, the committee approved the programme for now. This step ensures compliance with financial year deadlines. Officials noted that a full review will follow soon. In addition, the ministry must submit more details when asked.
