ISLAMABAD: The government has decided to appoint Izqar Khan and Brig Muhammad Tahir Ahmed Khan (retired) as Chief Executive Officer (CEO) Postal Life Insurance Company Limited (PLICL) and Executive Director Frequency Allocation Board (FAB), well informed sources told Business Recorder.
The Federal Cabinet appointed a Board of Directors (BoD) of Postal Life Insurance Company Limited (PLICL), in its decision of November 6, 2020 which was duly notified on November 9, 2020.
The BoD initiated the process of selection of a regular CEO of PLICL. The position was advertised in national newspapers on August 5, 2020. A two staged selection process was adopted by the BoD. The CVs of all applicants were shared with the Consultant firm hired for technical evaluation. Thereafter, in a meeting held on November 10, 2020, the Board of Directors interviewed the shortlisted candidates.
In accordance with Rule-5, responsibilities, powers and functions of the Board and as per laid down criteria for determining a "Fit and Proper Person' in Public Sector Corporate Governance Rules, 2013, the Board evaluated the qualifications/relevant experience of the candidates and recommended following three candidates in order of merit for consideration/approval for selection as CEO PLICL; (i) Muhammad Izqar Khan has been identified as the top candidate from amongst the panel of candidates by the Board; (ii) Muhammad Naeem Akhtar and; (iii) Muhammad Shoaib Khanzada.
The sources said, the post of Executive Director, became vacant on July, 20, 2020 after completion of its stipulated tenure of 3 years. On the directions of Prime Minister, the post was advertised in the print media on October 04, 2020. Fifteen applications were received, out of which five candidates were shortlisted and interviewed for the post of Executive Director, FAB.
A Selection Committee, in terms of Regulation 4 and 5 of Part-1 of Chapter-2 of FAB Employees (Service) Regulation, 2014 was constituted under the chairmanship of Secretary Cabinet. The Selection Committee conducted interviews of the short listed candidates on November 12, 2020 for the post of Executive Director, A panel of following five candidates (in order of merit) against the post of Executive Director, FAB has been finalized by the Selection Committee: (i) Brig. (R) Muhammad Tahir Ahmed Khan Brig; (ii) Brig Musharraf Khan (retired); (iii) Dr Mushtaq Ahmad; (iv) Brig Sajjad Salim (retired) and; (v) Imad Memon.
The Cabinet Division has proposed Brig Muhammad Tahir Ahmed Khan (retired) as Executive Director FAB.
Copyright Business Recorder, 2020
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