The government is all set to appoint a managing director (MD) for the
According to sources, the next federal cabinet meeting is likely to approve the appointment of one of the three candidates recommended by the Petroleum Division.
The candidates include
However, sources said the Establishment Division has raised objections on the process of filling the vacant slot of PSO.
They further alleged that an intelligence agency, in its security clearance report, had also raised questions over the performance of PSO's board, stating that the board had 'shortlisted the candidates that do not fulfil the set criterion for the important position'.
As per sources, the Petroleum Division, after receiving nominations from the PSO's
It is relevant to note that members of the federal cabinet have already asked PM to limit the role of intelligence agencies in the appointment of top officials of companies. The members were of the view that the report of intelligence agencies should be to the extent of integrity and other traits of the candidates which are generally unrecorded, adding the agencies should not comment upon the professional angle which had already been vetted and verified by the competent forum.
According to documents available with this scribe, the position of PSO MD was advertised in the local newspapers on
Documents revealed that
Sources alleged that the Petroleum Division had kept the name of
It is pertinent to mention that PSO is a public limited company under the administrative control of the
Under Section 6 of the Act, the federal government may appoint a managing director under Sub-Section (l) of Section 5 of the Act, subject to an order. The MD should hold office during the pleasure of the federal government and on such terms and conditions of appointment as the federal government may determine. Moreover, as per Rule 5(2) of the Public Sector Companies Corporate Governance Rules 2013 as amended up to 2017 (the Rules), the board shall evaluate candidates based on fit and proper criteria and guidelines specified by the commission for appointment to the position of the chief executive and recommend at least three candidates to the government for its concurrence.
© Pakistan Press International, source