AIRLINK 77.53 Increased By ▲ 0.55 (0.71%)
BOP 4.79 Decreased By ▼ -0.08 (-1.64%)
CNERGY 4.21 Decreased By ▼ -0.01 (-0.24%)
DFML 41.85 Increased By ▲ 0.06 (0.14%)
DGKC 85.90 Increased By ▲ 1.17 (1.38%)
FCCL 22.58 Increased By ▲ 0.19 (0.85%)
FFBL 30.32 Decreased By ▼ -1.13 (-3.59%)
FFL 9.29 Decreased By ▼ -0.06 (-0.64%)
GGL 10.56 Increased By ▲ 0.40 (3.94%)
HASCOL 6.35 Decreased By ▼ -0.06 (-0.94%)
HBL 109.51 Increased By ▲ 0.91 (0.84%)
HUBC 141.24 Increased By ▲ 0.75 (0.53%)
HUMNL 10.41 Decreased By ▼ -0.11 (-1.05%)
KEL 4.83 Decreased By ▼ -0.02 (-0.41%)
KOSM 4.48 Increased By ▲ 0.25 (5.91%)
MLCF 37.80 Increased By ▲ 0.11 (0.29%)
OGDC 126.70 Increased By ▲ 0.06 (0.05%)
PAEL 24.90 Decreased By ▼ -0.13 (-0.52%)
PIBTL 6.26 No Change ▼ 0.00 (0%)
PPL 117.79 Increased By ▲ 1.50 (1.29%)
PRL 25.50 Decreased By ▼ -0.24 (-0.93%)
PTC 13.55 Decreased By ▼ -0.05 (-0.37%)
SEARL 56.90 Increased By ▲ 0.31 (0.55%)
SNGP 63.53 Increased By ▲ 0.33 (0.52%)
SSGC 9.93 Decreased By ▼ -0.05 (-0.5%)
TELE 8.05 Increased By ▲ 0.05 (0.63%)
TPLP 10.05 Decreased By ▼ -0.09 (-0.89%)
TRG 66.25 Increased By ▲ 0.23 (0.35%)
UNITY 26.84 Increased By ▲ 0.01 (0.04%)
WTL 1.33 No Change ▼ 0.00 (0%)
BR100 7,784 Increased By 11.1 (0.14%)
BR30 25,018 Increased By 54.6 (0.22%)
KSE100 74,303 Increased By 83.6 (0.11%)
KSE30 23,834 Increased By 55 (0.23%)

The federal government will appoint directors of the boards of oil and gas companies through advertisement. The government has initiated the process of hiring professionals for the position of directors through advertisement. The steps have been taken in the light of directives of the Supreme Court and the Ministry of Law and Justice. Minister for Petroleum and Natural Resources, Ghulam Sarwar Khan said that initially the ministry advertised for the selection of members of board of directors for three oil and gas companies.
This will delay the appointment of chief executive officers (CEOs) of the oil and gas companies. The Pakistan Tehreek-e-Insaf (PTI) government set a target of completing reconstitution of boards and appointment of new CEOs in first 200 days of its government. The federal government is also divided in connection with the status of dual nationals occupying important positions in the government. In fresh recruitments, the cases of dual nationals will be carefully examined but the government has yet to decide regarding those dual nationality holders occupying the government jobs.
The government is also considering to bring a policy for installing new gas connections, which had created controversy during the Pakistan Muslim League-Nawaz government. The agreement on Saindak project would be revisited on expiry of the contract in 2022.

Copyright Business Recorder, 2019

Comments

Comments are closed.