According to a statement, the other members of the committee constituted in pursuance of Rule 17(2) of the Rules of Business 1973 are the Minister for Law, Justice and Parliamentary Affairs, the Minister for Privatisation while the Minister of State for Finance and Economic Affairs and Deputy Chairman Planning Commission will be its co-opted members. The committee may co-opt any other professional, as required. The provincial representatives may also be associated with the committee for taking them on board.
In the first phase, the committee will consider restructuring of the following eight PSEs: Pakistan Railways, Pakistan Electric Power Company (Pepco), Pakistan International Airlines (PIA), Pakistan Steel, National Highway Authority (NHA), Utility Stores Corporation (USC), Trading Corporation of Pakistan (TCP) and Pakistan Agricultural Storage and Services Corporation (Passco).
The terms of reference of the committee included restructuring the boards and managements of PSEs; to direct the boards to prepare and present restructuring plans and to review and monitor implementation plans on a quarterly basis. The Economic Reform Unit of the Finance Division will be the Secretariat of the committee.