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 Business

SC directs NAB to probe MD PSO’s appointment

byCT Report
14/07/2018
in Business, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: The Supreme Court on Saturday summoned National Accountability Bureau (NAB) to probe into the matter regarding the appointment of Managing Director (MD) of Pakistan State Oil (PSO).

Chief Justice of Pakistan Justice Mian Saqib Nisar ordered the NAB to also inform the court of its probe into Liquefied Natural Gas (LNG).

You might also like

ICCI, PBA Korea sign MoU to expand trade, investment & business linkages

01/09/2026

Askari General Insurance, Askari Life transfer 51% stakes from Army Welfare Trust to Fauji Foundation

01/09/2026

While observing the irregularities of the government, CJP remarked, ”Is it the way of the state to set up private companies and hire people of their choice to benefit them.”

CJP questioned the PSO’s MD Imran-ul-Haq, “Why should you not be suspended?” When and on whose suggestion were you appointed?” Haque responded that he was appointed on the suggestion of the then-prime minister Nawaz Sharif in 2015. “Shahid Khaqan Abbasi had appointed me on the suggestion of the committee,” Haque informed the court, adding that he was selected from the six candidates finalised by the then-government.

In response, the chief justice remarked that Haque had no prior experience of the petroleum sector. “Let us ask NAB to probe into your appointment,”. He further suggested that the PSO’s audit should be done.

“What is in this country that leads to wastage of tax revenues?”. “How can a Grade 22 employee drawing between Rs0.2-0.25 million be appointed as the MD on a salary of Rs0.4 million?” He questioned. Haque stated that he took the PSO’s profit from Rs 6 billion to Rs 18 billion.

The Supreme Court adjourned the hearing till 1.30pm, after ordering the concerned authorities for the probe.

Tags: CJPImran-ul-Haqliquefied natural gas (LNG)Mian Saqib NisarNational Accountability Bureau (NAB)Pakistan State Oil.PSOSCSupreme Court

Related Stories

ICCI, PBA Korea sign MoU to expand trade, investment & business linkages

byCT Report
01/09/2026

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) and the Pakistan Business Association Korea (PBA Korea) have signed a...

Askari General Insurance, Askari Life transfer 51% stakes from Army Welfare Trust to Fauji Foundation

byCT Report
01/09/2026

KARACHI: Askari General Insurance Co. Ltd. and Askari Life Assurance Company Limited have disclosed the transfer of their respective 51%...

FBR yet to set refund mechanism for Section 7E, Super Tax under Section 4C

byCT Report
01/09/2026

LAHORE: The Federal Board of Revenue (FBR) has yet to establish a formal mechanism for refunding taxes collected under Section...

Zong wins 5 awards at Dragons of Asia 2026, the only telecom operator to win gold for its 5G Excellence

byCT Report
01/09/2026

ISLAMABAD: Zong, Pakistan’s leading technology services enterprise, has emerged as the only telecom operator to win gold for its 5G...

Next Post

PCA detects Rs4.27m tax evasion by M/s J.J. Enterprises

  • 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.