Public sector enterprises in Pakistan carry a distinct mandate: to achieve commercial and operational objectives while upholding the highest standards of transparency, accountability, and public trust. Operating under regulatory oversight from bodies such as the Securities and Exchange Commission of Pakistan (SECP), these organizations must navigate evolving governance codes and ensure strict compliance. Our consulting services are designed to support public sector entities in strengthening governance frameworks, enhancing operational efficiency, and delivering on their public mission with integrity. By combining regulatory rigor with strategic guidance, we help these organizations fulfill their mandate effectively while fostering stakeholder confidence and long-term sustainability.
Effective governance in the public sector requires a careful balance between operational performance and regulatory compliance. Public sector companies in Pakistan face a unique set of challenges, including:
Stringent Regulatory Compliance
Public sector enterprises must operate within an extensive regulatory framework, most notably the Public Sector Companies (Corporate Governance) Rules, 2013. Failure to comply can result in significant penalties, legal ramifications, and heightened public scrutiny.
Transparency and Accountability
Operating with full transparency is essential, from reporting board decisions and financial performance to managing procurement and public resources. Weak governance can undermine stakeholder confidence and result in reputational damage.
Board Effectiveness
Ensuring a well-functioning board is critical. Public sector rules mandate the inclusion of qualified, independent directors to maintain impartiality, while clearly defined roles and responsibilities are necessary to support strategic decision-making.
Risk Management and Internal Controls
Robust risk management frameworks and internal controls are vital to safeguard public assets, prevent fraud and corruption, and ensure the efficient use of resources. Effective systems help maintain operational integrity and accountability across the organization.
We provide specialized governance solutions designed to help public sector organizations transform compliance obligations into strategic advantages, strengthening transparency, accountability, and operational performance.
Governance Audits and Compliance Frameworks
We conduct comprehensive governance audits to evaluate adherence to the Public Sector Companies (Corporate Governance) Rules, 2013, and the Companies Act, 2017. Based on our findings, we design and implement robust compliance frameworks that ensure ongoing regulatory conformity and operational integrity.
Board and Committee Structuring
We advise on the optimal composition of boards to meet regulatory requirements for independence, skills diversity, and effectiveness. Our services include establishing and training key committees, such as Audit, Human Resources, and Risk Management, to ensure clear governance and informed decision-making.
Risk Advisory and Internal Controls
We support the development of enterprise-wide risk management frameworks and internal control systems that safeguard public resources. Our approach enhances integrity, transparency, and objectivity across all corporate functions, mitigating risks related to fraud, mismanagement, or corruption.
Strategic Planning and Performance Evaluation
We work closely with leadership to design strategic plans aligned with government priorities and public objectives. In parallel, we implement performance evaluation systems for boards and senior management, fostering accountability and driving sustained organizational performance.