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The third-party solution for SOEs - Newspaper

Can you really be independent of the entity that appoints and removes you, determines your fee and gives. ....

Pakistan , Pakistanis , International-organisation-of-supreme-audit-institutions , International-standards-on-auditing , International-monetary-fund-fiscal , Public-sector-companies-corporate-governance , International-federation-of-accountants , International-federation , International-monetary-fund , Fiscal-monitor , Auditor-general

Sindh High Court orders GHCL CEO's removal

SHC ordered removal of CEO of GHCL on the grounds that he is holding the post of a professional engineer while being a chartered accountant. ....

Jamshoro , Sindh , Pakistan , Wapda , Punjab , Lakhra , Balochistan , Hyderabad , Andhra-pradesh , India , Guddu , Islamabad

SHC strikes down federal ministry's notification on Genco CEO's appointment - Pakistan

Paigham union had challenged the posting made in 2016 with PM’s approval. ....

Jamshoro , Sindh , Pakistan , Hyderabad , Andhra-pradesh , India , Guddu , Punjab , Mohammad-imran-mian , Sajan-panhwar , Justice-mohammad-saleem-jessar , Haroon-bilal-sharif

Board appointment raises concerns

SSGC board chairman has been appointed board member of Engro Fertilisers
TRIBUNE CREATIVE
ISLAMABAD:
The appointment of Sui Southern Gas Company Limited (SSGCL) board chairman on the board of a company owned by the Engro Group has raised grave concerns.
Shamshad Akhtar, who is currently on the board of SSGC, has also been appointed director on the board of Engro Fertilisers, according to a notice at the Pakistan Stock Exchange.
Some officials are of the view that the move may influence SSGC’s board as it is to take decision on allowing Engro to replace its floating storage and regasification unit (FSRU) to handle LNG import. ....

Pakistan , Islamabad , Shamshad-akhtar , Muslim-league-nawaz , Petroleum-division , National-accountability-bureau , Cabinet-committee-on-energy , Sui-southern-gas-company-limited , Engro-elengy-terminal-ltd , Engro-fertilisers , Companies-code-of-corporate-governance-regulations , Public-sector-companies-corporate-governance

IHC sets aside demotion of 112 ZTBL employees - Newspaper

ISLAMABAD: The Islamabad High Court (IHC) on Tuesday set aside demotion of 112 vice presidents of the Zarai Taraqiati Bank Limited (ZTBL) and also scrapped the order of the bank administration to retrieve the perks these officers received after being promoted.
IHC Chief Justice Athar Minallah observed that the order for demotion of employees was illegal because it was taken without approval of the ZTBL board of directors which had been non-functional for over three years.
The employees alleged that in a surprise move on March 6, around 150 employees of the bank were issued letters by the current management, informing them that the promotions they had earned back in 2015 and 2018 stood cancelled. This decision came as a shock because the employees had not even been provided a right of hearing before their demotion. ....

Islamabad , Pakistan , Justice-minallah , Nadeem-akhtar-malik , Afzal-hussain , Supreme-court , Zarai-taraqiati-bank-limited , Islamabad-high-court , Public-sector-companies-corporate-governance , Bank-nationalisation , Justice-athar-minallah , Bank-nationalisation-act