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SNGPL Managing Director Arif Hameed quits

byCustoms Today Report
17/09/2015
in Business
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ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) Managing Director Arif Hameed has resigned from his post after huge pressure from the government.

The resignation was presented in an SNGPL Board of Directors’ (BoD) meeting. The resignation will now pave the way for inking the tripartite agreement between Pakistan State Oil, Sui Southern and Sui Northern which is very imperative for making LNG deal with Qatargas Company.

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The government wanted to get the tripartite agreement between PSO, Sui Southern and Sui Northern signed, but the indecision of Hameed to ink the agreement as per the wishes of the top officials of the ministry had led to his earlier exist. However, Arif Hameed refused to step down moved the Lahore High Court and got a stay order on the decision of the chief executive of Pakistan. The LHC was to hear the case on September 17, but the government managed to get the resignation from Hameed.

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