PCB sets policy mandating bi-annual SOE budget review

1 week ago

The Privatization and Corporatization Board (PCB) has established a new policy mandating state-owned enterprises (SOEs) to conduct and submit budget process audits on a bi-annual basis. In a circular shared by the authority on Monday signed by the PCB’s President Hamdhee Ageel, the policy aims at enhancing equal budget assessment of all SOEs. The policy sets out guidelines for budget research and