The Ministry of Petroleum and Natural Resources has terminated the services of Shahid Islam as managing director of the Pakistan State Oil (PSO). Administrative affairs at the country''s largest state-run oil supplier are being run on ad hoc basis ever since the federal government had sent packing the entire management of PSO in the wake of petroleum crisis in January.
"Acting Charge appointment of Mr Shahid Islam as MD PSO stands terminated with immediate effect," said the ministry in a stock filing Thursday. Yacoob Sattar, a senior general manager at PSO, has been assigned to look after the work of the company in addition to his own duties. The newly-designated managing director, who also is the MD of Asia Petroleum Limited, would be serving at PSO''s top slot till the joining of regular incumbent.