MoF clarifies appointment of CCP chairperson

ISLAMABAD: The Finance Ministry on Friday categorically refuted the news item appearing in a section of press alleging that the appointment of Competition Commission of Pakistan (CCP) chairman and its members were made without Cabinet Division’s approval.

“The news report in a section of the press, alleging that CCP chairman, members’ appointment was made without Cabinet Division’s approval is completely incorrect,” the spokesman said in a statement issued here.

The spokesman while giving the factual position said that Federal Cabinet, in its decision of February 7, 2017, had delegated Federal Government’s Power of Appointment to the finance minister with the concurrence of the prime minister whereby finance minister and prime minister can appoint CEOs of corporations, statutory bodies, autonomous and semi-autonomous bodies attached with the Finance Division.

In view thereof, CCP chairperson and members have been appointed and reappointed in line with the decision of the Federal Cabinet, the spokesman said.

Must Read

Bank Makramah Limited, formerly Summit Bank, is restructuring again. What is...

The bank is expected to receive another restructuring deal, but this is nothing new for the bank that is operating under its third name now. It might not be the cure