AGL 37.98 Increased By ▲ 0.48 (1.28%)
AIRLINK 217.23 Decreased By ▼ -5.66 (-2.54%)
BOP 10.72 Decreased By ▼ -0.10 (-0.92%)
CNERGY 7.27 Decreased By ▼ -0.29 (-3.84%)
DCL 9.10 Decreased By ▼ -0.32 (-3.4%)
DFML 40.49 Decreased By ▼ -0.47 (-1.15%)
DGKC 102.85 Decreased By ▼ -3.91 (-3.66%)
FCCL 35.30 Decreased By ▼ -1.77 (-4.77%)
FFL 19.22 Decreased By ▼ -0.02 (-0.1%)
HASCOL 12.89 Decreased By ▼ -0.29 (-2.2%)
HUBC 129.40 Decreased By ▼ -3.24 (-2.44%)
HUMNL 14.14 Decreased By ▼ -0.59 (-4.01%)
KEL 5.15 Decreased By ▼ -0.25 (-4.63%)
KOSM 7.35 Decreased By ▼ -0.13 (-1.74%)
MLCF 46.40 Decreased By ▼ -1.78 (-3.69%)
NBP 65.37 Decreased By ▼ -0.92 (-1.39%)
OGDC 218.97 Decreased By ▼ -4.29 (-1.92%)
PAEL 43.98 Increased By ▲ 0.48 (1.1%)
PIBTL 8.93 Decreased By ▼ -0.14 (-1.54%)
PPL 191.99 Decreased By ▼ -6.25 (-3.15%)
PRL 40.91 Decreased By ▼ -1.33 (-3.15%)
PTC 26.64 Decreased By ▼ -0.75 (-2.74%)
SEARL 107.70 Decreased By ▼ -2.38 (-2.16%)
TELE 10.24 Decreased By ▼ -0.28 (-2.66%)
TOMCL 35.80 Decreased By ▼ -0.82 (-2.24%)
TPLP 14.39 Decreased By ▼ -0.56 (-3.75%)
TREET 25.20 Decreased By ▼ -1.33 (-5.01%)
TRG 67.00 Decreased By ▼ -1.85 (-2.69%)
UNITY 33.41 Decreased By ▼ -0.78 (-2.28%)
WTL 1.72 Decreased By ▼ -0.07 (-3.91%)
BR100 12,228 Decreased By -135.3 (-1.09%)
BR30 37,334 Decreased By -884.3 (-2.31%)
KSE100 115,894 Decreased By -1225.5 (-1.05%)
KSE30 36,536 Decreased By -401.4 (-1.09%)

ISLAMABAD: Power Division is reportedly adopting stopgap arrangement strategy to retain the services of long-associated Managing Director, Private Power & Infrastructure Board (PPIB), Shah Jahan Mirza for at least six more months, well informed sources told Business Recorder.

Shah Jahan Mirza was appointed as Managing Director, PPIB with effect from September 21, 2015 for a period of three years. He was granted extension for a period of three months from September 21, 2018. He was again appointed Managing Director PPIB from July 18, 2019 for a period of three years. His three year tenure ended on July 17, 2022. He; however, is still attending office and official meetings without any official position.

Power Division sent its summary to the Establishment Division for extension in his services for six months or appointment of new head of the Organisation.

Establishment Division, in its comments has stated that eligibility criteria, tenure, and remuneration of the post of MD, PPIB have been outlined in the Private Power and Infrastructure Board Act, 2012 and appendix 2 of the Private Power and Infrastructure Board Regulations, 2013.

These; however, do not specify qualifications or educational requirements for the position. Section 7 (3) of Act provides that the Managing Director shall be a Pakistani professional of known integrity and competence with a minimum of twenty years of related experience in law, business, engineering, finance, accounting, economics or the power industry.

As per Section 7 (5) of Act the MD shall hold office for a period of three years or such period as may be extended by the Federal Government or on attaining the age of sixty-five years, whichever is earlier. Section 7 (4) states that the Managing Director shall be paid such remuneration and allowances and shall be entitled to such privileges and facilities as may be determined by the Board.

Power Division, its summary, proposed that the tenure of the current MD, PPIB may be extended for a period of six months or till the appointment of regular incumbent, whichever is earlier. However, the Power Division has not specified the name of the existing incumbent MD, PPIB in the proposal of the summary.

Therefore, the Power Division may include the name in the proposal of summary for the Cabinet.

Cabinet Division’s U. O of September 27, 2016 provides that “the administrative Secretary concerned shall be responsible for ensuring that CV of the proposed person provides adequate justification for his nomination for that assignment”. Therefore, Power Division may annexe the CV of Shah Jahan Mirza with summary.

Power Division has initiated a signed “summary for the Cabinet” through Establishment Divisions. However, in terms of Rule 18 (1) and (4) of Rules of Business, 1973, Secretary of the concerned Division submits a concise, lucid and printed memorandum of the case to the Cabinet, after necessary consultations with other Ministries Divisions.

Establishment Division has asked Power Division to make its comments as part of summary as an annexure.

Power Division, in its summary has proposed that in terms of section 9(5) of the PPIB Act, 2012, the tenure of existing MD may be extended till appointment of regular MD PPIB or six months, whichever is earlier.

Copyright Business Recorder, 2022

Comments

Comments are closed.