The summary for the appointment of Managing Director Pakistan China Investment Company Limited is awaiting approval of the federal cabinet. Sources said that the Finance Ministry had proposed the name of senior commercial banker Hasan Raza for the position of MD Pak China Investment Company Limited. The Cabinet Division circulated the summary of Hasan Raza’s appointment as MD Pak China to Cabinet members, but reportedly, it is still in the process. On the other hand, the government has approved the appointments of Saad Ur Rehman as MD Pak Kuwait, Tariq Mehmood as MD Pak Libya, Aamir Shamim as MD Pak Brunei, and Nauman Ansari as MD Pak Oman. According to the Finance Division, these Joint Investment companies play an important role in the economic uplift of the country through infrastructure investment, asset management, project financing, and investment banking.
