AIRLINK 70.74 Decreased By ▼ -2.32 (-3.18%)
BOP 4.97 Decreased By ▼ -0.12 (-2.36%)
CNERGY 4.32 Decreased By ▼ -0.05 (-1.14%)
DFML 31.69 Decreased By ▼ -0.76 (-2.34%)
DGKC 77.10 Increased By ▲ 1.61 (2.13%)
FCCL 19.99 Increased By ▲ 0.47 (2.41%)
FFBL 34.80 Decreased By ▼ -1.35 (-3.73%)
FFL 9.14 Decreased By ▼ -0.08 (-0.87%)
GGL 9.89 Increased By ▲ 0.04 (0.41%)
HBL 113.50 Decreased By ▼ -3.20 (-2.74%)
HUBC 132.80 Increased By ▲ 0.11 (0.08%)
HUMNL 7.07 Decreased By ▼ -0.03 (-0.42%)
KEL 4.28 Decreased By ▼ -0.13 (-2.95%)
KOSM 4.35 Decreased By ▼ -0.05 (-1.14%)
MLCF 36.65 Increased By ▲ 0.45 (1.24%)
OGDC 133.35 Decreased By ▼ -0.15 (-0.11%)
PAEL 22.46 Decreased By ▼ -0.14 (-0.62%)
PIAA 24.37 Decreased By ▼ -1.64 (-6.31%)
PIBTL 6.51 Decreased By ▼ -0.04 (-0.61%)
PPL 117.60 Increased By ▲ 2.29 (1.99%)
PRL 26.24 Decreased By ▼ -0.39 (-1.46%)
PTC 13.62 Decreased By ▼ -0.48 (-3.4%)
SEARL 52.47 Decreased By ▼ -0.98 (-1.83%)
SNGP 68.85 Increased By ▲ 1.60 (2.38%)
SSGC 10.55 Decreased By ▼ -0.15 (-1.4%)
TELE 8.42 No Change ▼ 0.00 (0%)
TPLP 10.84 Increased By ▲ 0.09 (0.84%)
TRG 60.15 Decreased By ▼ -3.72 (-5.82%)
UNITY 25.11 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Increased By ▲ 0.02 (1.57%)
BR100 7,433 Decreased By -28 (-0.37%)
BR30 24,083 Decreased By -88.3 (-0.37%)
KSE100 71,016 Decreased By -86.4 (-0.12%)
KSE30 23,366 Decreased By -28.6 (-0.12%)

ISLAMABAD: The Board of Directors (BoD) of National Transmission and Despatch Company (NTDC) has fired Deputy Managing Director (DMD) Manzoor Ahmad with immediate effect.

According to the notification, the Board of Directors in its 247th meeting held on May 31, 2023 unanimously resolved and approved, effective immediately, terminate the services of Manzoor Ahmad as DMD (AD&M) NTDC, without any cause, in accordance with clause 12.1.1 of the employment agreement of April 30, 2022. Moreover, the Board approved the payment of salary in lieu of notice period.

On May 2, 2023, Chairman Senate Standing Committee on Power, Senator Saifullah Abro had sought a comprehensive report from Power Division on action against two Deputy Managing Directors (DMDs) of NTDC.

On April 27, 2023, Standing Committee on Power in its meeting had urged Power Division to remove two Deputy Managing Directors of NTDC, Zain Banatwala and Manzoor Ahmed immediately, terming their appointments “dubious”.

Additional secretary, Power Division, Arshad Majeed Mohmand informed the committee that inquiry against Zain Banatwala has already been completed and sent to NTDC Board for further action, adding that Secretary Power Division, Rashid Mehmood Langrial has given two-week deadline to NTDC Board to finalise its decision.

Additional Secretary Power Division further stated that inquiry against DMD Manzoor Ahmed is also in process.

Chairman Standing Committee raised questions on selection of Zain Banatwala as DMD, saying that his case is open and shut as he was Member of BoD which conducted interviews for the post of DMD.

He further contended that both DMDs are responsible for the mess associated with the doubtful contract of transmission line from Dasu to Mansehra, adding that action against them is a must.

The sources said, Kamal Ahmed Feroz, acting Secretary Committee, in a letter to Secretary Power conveyed that Chairman Standing Committee has desired that the Inquiry Report into the matter of illegal appointments in DMD (System Operations) and DMD (AD&M) posts in NTDC along-with the letter written by Power Division regarding their removal to the NTDC BoD as a consequence of Inquiry Report as informed by the Power Division in the meeting be submitted.

The sources said, though the NTDC Board has fired DMD Manzoor, another DMD Ali Banatwala is also a ‘disputed figure’ in NTDC.

Copyright Business Recorder, 2023

Comments

Comments are closed.