Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Rs 1.5 trillion corruption in PSO in four years

byCT Report
28/05/2018
in Breaking News, Business, Latest News
Share on FacebookShare on Twitter

ISLAMABAD (Tehlka TV Report): Corruption, pilferages and embezzlement have crossed Rs1.5 trillion in the Pakistan State Oil (PSO) in last four years, it has emerged.

According to sources, illegally-appointed PSO MD Sh Imranul Haque is the person, who made $90m for former Prime Minister Nawaz Sharif through current Prime Minister Shahid Khaqan Abbasi on the LNG Terminal only in Engro. Sh Imranul Haque was then gifted the PSO MD position when he had no oil experience and amid huge conflict of interest. Then Musadik Malik was made PSO Board chairman to rampage the company alongside the MD and two notorious illegally placed DMD’s. To top it all, Ahad Cheema was made Director on the PSO Board, who started taking benefits as well as placing his people on various senior positions in the company. Pathetic results are adequate proof how badly the PSO was run in the past four years.

You might also like

Nepra hikes electricity tariff by Rs2.37 for November bills

07/11/2026

Türkish envoy urges transformation of Pakistan ties into tangible economic benefits

07/11/2026

The PSO MD faces a case of murder of two contract employees in 2016-17 at PSO’s ZOT Terminal Pipri as he ordered to bypass safety procedures for urgent completion. Another recent suicide of GM Procurement Farhan Pasha, appointed last year on Ahad Cheema’s recommendation, was known to be a result of extreme pressure put on him for illegal awards by none other than MD Sh Imranul Haque and corruption mastermind DMD Finance Yacoob Sattar. The matter was hushed up.

Another illegal placement as DMD operations Is Jahangir Ali Shah, a highly corrupt, non-degree holder and incompetent with numerous cases with NAB and FIA. Shah is a cousin of Syed Naveed Qamar, who is a close friend of Prime Minister Shahid Khaqan Abbasi. Everyone in the PSO and industry is surprised at the move of giving money-making departments to Shah known as an extremely corrupt person. Some even termed the move as pre-poll rigging by allowing a known PPP jiyala to loot as much as possible before 2018 elections.

1

2

Related Stories

Nepra hikes electricity tariff by Rs2.37 for November bills

byCT Report
07/11/2026

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved Rs2.37 per unit hike in electricity tariff under the monthly...

Türkish envoy urges transformation of Pakistan ties into tangible economic benefits

byCT Report
07/11/2026

ISLAMABAD: Ambassador of the Republic of Türkiye to Pakistan, Dr. İrfan Neziroğlu, has called for transforming the longstanding brotherly relations...

Gilgit-Baltistan launches online system for tax exemptions on Chinese imports

byCT Report
07/11/2026

GILGIT: Gilgit-Baltistan Chief Minister Amjad Hussain Azar has launched an online registration system allowing local traders to apply for tax...

Pakistan warns of AI cyberattacks on banks, power networks

byCT Report
07/11/2026

ISLAMABAD: The threat of artificial intelligence (AI)-powered cyberattacks against Pakistan’s financial institutions and critical infrastructure is increasing, prompting the National...

Next Post

IHC orders to release goods seized by Customs I&I

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.