Govt decides to dissolve board of directors of PSO, PARCO

Govt decides to dissolve board of directors of PSO, PARCO

psoISLAMABAD: Government has decided to dissolve the board of directors of Pakistan State Oil (PSO) and Pak Arab Refinery Limited (PARCO).

 

According to a private TV channel the decision to dissolve the board of directors of both institutions has been made due to corruption and poor performance. The directions have been issued by the prime minister secretariat to ministry of petroleum and natural resources for the dissolution of the board of directors of both institutions. Action against the three persons involved in the corruption during the initial investigations has been ordered. It is likely that the matter for action against the corrupt persons would be sent to NAB.

It is also likely that the appointment of board of directors and chairmen of the both institutions would be made after the return of the Prime Minister Mian Nawaz Sharif from foreign visit.

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