The Senate Standing Committee on Petroleum and Natural Resources has found the posting of incumbent managing director of the Pakistan State Oil illegal and asked the government to replace him.
“The acting managing director PSO who is very junior and is currently under FIA and NAB investigation should be removed immediately,” Senator Mohammad Yousaf wrote to the prime minister and relevant government agencies on behalf of the committee.
The Senate committee observed that, “a person on the exit control list because of investigations by the FIA and National Accountability Bureau should not be allowed to run a company with an annual turnover of more than Rs1.5 trillion.”
It urged the government to expedite the appointment of a regular managing director and also give preference to an officer from within the company.
