Committee backs Asim for President of PCB

Asim Mohamed.

Parliament’s State-Owned Enterprises Committee has voted in favor of backing Asim Mohamed’s appointment as President of the Privatization and Corporatization Board (PCB).

Asim won the backing of the committee with the vote of 10 out of 11 members who attended the committee meeting on Tuesday.

Asim was interviewed by the committee after reviewing public opinion the committee received regarding his appointment.

Asim, who previously served as Vice President of PCB, was appointed by President Ibrahim Mohamed Solih as President of PCB in December last year. The President requested the Parliament for approval of the appointment on February 7.

The position of President of PCB – the regulator of State-Owned Enterprises – had remained vacant for over a year since former President of the Board, Hassan Waheed’s resignation in September 2020.

He had tendered his resignation citing attempts to influence his decisions.

Hassan Waheed had been summoned to the Parliament’s State-Owned Enterprises Committee five days before his resignation over claims of failure to uphold his duties and responsibilities.

PCB is a seven-member Board established under Finance Ministry. Privatization and Corporatization Act establishes PCB as the regulatory body of State-Owned Enterprises. The appointment of President and Vice President to the Board requires approval from the President.

PCB currently has six members.