Aftab Ahmed The Oil Marketing Companies (OMCs) have pocketed billions from the oil consumers on account of margins due to flawed formula based on Consumer Price Index (CPI). The formula was approved by the previous government of PML-N that had linked the margins increase with one month CPI rather than taking into account of average…
Aftab Ahmed The PTI government has finally appointed Muhammad Arif as Member Gas Oil and Gas Regulatory Authority (OGRA) after three years. Muhammad Arif has worked in Mari Petroleum Company Limited. The post of member gas fell vacant on December 22, 2016, on completion of the tenure of the former member. The post of member…
Aftab Ahmed The cabinet on Tuesday approved the National Tariff Policy aimed at removing the anomalies in the tariff structure and enhancing competitiveness through duty-free access to imported raw materials to promote investment into efficient industries. Federal Cabinet, in its meeting held on Tuesday, approved the first-ever National Tariff Policy (NTP). The Policy, developed by…
Aftab Ahmed Islamabad: The government has appointed Syed Ali Javed Hamdani as chief executive officer (CEO) of National Power Parks Management Company (Private) Limited (NPPMC). As many as 31 applications were received and Human Resource (HR) Committee had evaluated all the applications. The committee conducted preliminary interviews of the candidates in two sessions on February…
Aftab Ahmed Islamabad: As the tussle heightens between managing director and board of directors of Oil and Gas Development Company Limited (Ogdcl) over terminating Executive Director (ED) Human Resource, the company officers Association has stepped in to back the former. National Accountability Bureau (NAB) had summoned top management of Oil and Gas Development Limited (Ogdcl) earlier…
Aftab Ahmed Islamabad: PTA has confiscated grey telephone trafficking network using Zong Pakistan sims. In its continuous efforts to curtail grey telephone trafficking, Pakistan Telecommunication Authority (PTA) carried out a successful raid, in coordination with Federal Investigation Agency (FIA), in Gujranwala, says official handout of PTA released here on Friday. The raid was conducted in Satellite…
Aftab Ahmed National Accountability Bureau (NAB) has finally launched an inquiry into the appointment of a PTI worker and Ex VP Telenor as Executive Director (ED) Oil and Gas Development Company Limited (OGDCL) at the hefty package. Muhammad Shoaib Baig, Chief Human Resource Officer who had decided to join PTI, on August 24, 2014, on…
A local accounting firm affiliated with a US firm is facing a court case for final adjudication for the inclusion of one of its members as partners. RSM, a US accounting firm, with Pakistani partners namely Avais-Hyder-Liaqat-Nauman for registering RSM- Avais-Hyder-Liaqat-Nauman in ICAP, Pakistan but one of its members—Nauman Mehmood challenged in a local court,…
Aftab Ahmed Islamabad: The government on Friday issued a notification to remove the chief executive officer (CEO) of Pakistan LNG Limited (PLL). The board of directors of Pakistan LNG Limited (PLL) in a meeting held on Thursday had taken the decision to remove Gilani following controversy over his appointment. The board had called an emergency…
Aftab Ahmed The board of directors of Pakistan LNG Limited (PLL) is set to remove the managing director of the company Adnan Gilani in an emergency meeting scheduled on Thursday (today). The board called an emergency meeting to accept the resignation of managing director PLL Adnan Gilani after Prime Minister Imran Khan had expressed concerns…