Business

Petrol crisis: PSO board dissolved, OGRA chairman sent on forced leave

A two-member committee had held Ogra and PSO responsible for the petrol crisis in the country

Zafar Bhutta February 11, 2015

PHOTO: AFP

ISLAMABAD: Days after a two-member committee held the Oil and Gas Regulatory Authority (Ogra) and Pakistan State Oil (PSO) responsible for the grueling petrol crisis in the country, the petroleum ministry has dissolved the PSO management board and has sent Ogra Chairman Saeed Ahmed Khan on a forced leave of three months.

Rejecting the committee's findings, Ogra argued that maintaining stocks was a duty of the director-general of the Oil and the petroleum Ministry.

On January 21, the prime minister suspended PSO’s deputy managing director finance Sohail Bhatti. Earlier, he had removed Petroleum Secretary Abid Saeed, Additional Petroleum Secretary Naeem Malik, DG Oil CM Azam and PSO’s acting Managing Director Amjad Janjua.

COMMENTS (7)

Faisal | 9 years ago | Reply Simply an eye wash. Nothing more.

Rahat Baba | 9 years ago | Reply Petroleum Ministry then needs to send all three of them packing home, especially the Deputy Managing Director, since he is responsible for company's over all operational matters. I heard, he's a dual national, owning expensive properties in Canada, Australia and Pakistan FIA / NAB should investigate this individual and if found guilty, send him&associates to the gallows!! I know its too harsh, but the government should set precedence, so future potential "corporate conmen" like them, are well aware of their illegal activities' consequences......

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Zeeba | 9 years ago | Reply Good and timely decision. Action should be prompt as in this case.

Abu Noor | 9 years ago | Reply But what about Mr. Dar who is the father of all crisis we have in Pakistan these days!!! Mark my words, last PML (N) government was marred with Saif ur Rehman's accountability tactics and this government will eventually be dismanteled with the poor governance of Mr Dar who has no clue about economy and is merely focusing on expanding his own business.

Imran Ahmed | 9 years ago | Reply Scapegoats for Prime Minister's own incompetence. How can they be held responsible for the crisis when his handpicked Ministers keep ignoring their advice? Services tribunals, if independent, should re-instate them.

Kawesh | 9 years ago | Reply So, we saved the democracy from "Derailing" ....!!!! Funny!!!!

Dr Fayyaz | 9 years ago | Reply WRONG DECISION: It was Ishaq Dar who prevented MD PSO from picking dollars from open market to pay for oil to meet IMF demands. Sack him Mr PM

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