PAC shocked over MD OGDCL hefty package,Import luxury car for his use

News Desk

Islamabad: Country’s top oil & gas exploration company—OGDCL—with its new Managing Director, Shahid Salim Khan is against the footprints of its successors for wheeling & dealing by putting aside the decision in the larger interests of the company.

According to a local largest daily Urdu newspaper, the newly appointed MD has fixed its own salary of Rs 3.8 million per months along with a chauffeur driven 2400CC imported vehicle is a surprise for the member of Public Accounts Committee (PAC).

One of the member of PAC stunned by saying that an imported vehicle of worth Rs 16.5 million need justification for a MD of public listed company not in Pakistan but abroad as well.

MD, Shahid Salim Khan further adding to the injuries of parliamentarians by saying that OGDCL has such a lavish and luxurious vehicle at its pools which it cannot use them.

According to another media reports that the state-run Oil & Gas exploration monopoly has doled out Rs 77 million to one of its leasee in Balochistan on the requested of Secretary Petroleum, Mian Asad Hayauddin against the decision of BoDs of the company.

The OGDCL has paid paid a hefty sum to lure its disgruntled ally Jamhoori Watan Party (JWP), Nawabzada Shazain Bugti, ahead of the voting on the Finance Bill 2020, said the paper.

On the advice of the federal government, Oil and Gas Development Company Ltd (OGDC) Managing Director Shahid Saleem has approved to pay Nawabzada Shazain Bugti an additional 36pc as rent for 2,500 acres of oil and gas fields situated at Uch, Dera Bugti, it said, adding that OGDCL has paid Rs79,000 per acre rent to Nawbzada Shazain Bugti with effect from 1st January 2018, despite the land not being in OGDC’s use since February 2017.

It is pertinent to mention here that former OGDC MD Zahid Mir had surrendered 2,500 acres of oil and gas fields and had kept 1,300 acres of land as additional land.

The paper further said that approximately Rs8 billion worth heavy burden has been put on the national exchequer due to approval by Shahid Saleem. A cheque worth Rs77.2 million has been issued to Nawbzada Shazain Bugti and his two brothers before inking of the amended agreement.