Rasheed takes over as Parco managing director

Mohammad Rasheed Jung, presently Deputy Managing Director (Operations), has taken over as Managing Director of Pak-Arab Refinery Limited (Parco).
He has succeeded Dr Shahid K Hak, who remained MD/CEO for 18 years and retired on December 7, 2005 upon attaining superannuation age. Jung has over thirty years of experience in oil industry locally and abroad. Over the recent years Parco has made gigantic strides. Having completed projects worth $1.5 billion, the refinery has emerged as the most successful joint venture between two brotherly countries of Pakistan and Abu Dhabi.-PR