Shah Jahan Mirza to be new MD PPIB

The Federal Cabinet has approved appointment of Shah Jahan Mirza as Managing Director Private Power & Infrastructure Board (PPIB) for three years. This was revealed by Secretary Power Division, Irfan Ali while talking to Business Recorder.
Private Power Infrastructure Board is a statutory organization under the administrative control of Ministry of Energy (Power Division). As per section 7(1) of the PPIB Act, 2012, the Managing Director, PPIB is to be appointed by the Federal Government. The Act further elaborates vide its sector 7(4) that the Managing Director will be paid such remuneration and allowances as may be determined by the Board.
Shah Jahan Mirza was appointed as MD, PPIB by the Federal Government on September 21, 2015 for a period of three years. The post of MD PPIB fell vacant on September 20, 2018. The cabinet in its meeting held on September 27, 2018 accorded approval for the following: (i) initiating recruitment process for the post of MD PPIB; (ii) constitution of the interview/ selection committee; and (iii) extension in tenure of incumbent MD PPIB, Shah Jahan Mirza for a period of six months or till recruitment of new MD through competitive process, which ever is earlier.
Power Division initiated the process of recruitment for the post of MD PPIB and advertised it in the national newspapers on October 14, 2018. A total number of 105 candidates applied for the position of MD.
The shortlisting committee constituted with approval of the Minister for Power evaluated the applications and shortlisted 13 candidates for interview by the interview/ selection committee and interviewed 12 shortlisted candidates while one candidate Ahsan Maqbool was not present.
The committee also held a recap meeting on May 7, 2019 and finally recommended the following panel of three candidates for consideration/ appointment against the post of MD, PPIB ;(i) Shah Jahan Mirza;(ii) Salman Amin and ;(iii) A.J. Hamdani. Power Division proposed appointment of incumbent MD Shah Jahan Mirza for another period of three years which was approved by the Cabinet on July 2, 2019.
The Establishment Division is expected to issue the notification of Shah Jahan Mirza on Monday(today) following which Power Division will also issue a notification. Power Division's summary was silent on the perks and privileges to be given to the Managing Director.