AIRLINK 185.19 Decreased By ▼ -6.93 (-3.61%)
BOP 9.93 Decreased By ▼ -0.18 (-1.78%)
CNERGY 7.29 Decreased By ▼ -0.20 (-2.67%)
FCCL 36.64 Decreased By ▼ -1.00 (-2.66%)
FFL 14.53 Decreased By ▼ -0.45 (-3%)
FLYNG 24.92 Decreased By ▼ -0.21 (-0.84%)
HUBC 126.83 Decreased By ▼ -0.25 (-0.2%)
HUMNL 13.07 Decreased By ▼ -0.34 (-2.54%)
KEL 4.32 Decreased By ▼ -0.11 (-2.48%)
KOSM 6.06 Decreased By ▼ -0.11 (-1.78%)
MLCF 42.89 Decreased By ▼ -1.36 (-3.07%)
OGDC 195.44 Decreased By ▼ -4.44 (-2.22%)
PACE 6.29 Decreased By ▼ -0.27 (-4.12%)
PAEL 37.96 Decreased By ▼ -1.18 (-3.01%)
PIAHCLA 16.90 Decreased By ▼ -0.18 (-1.05%)
PIBTL 7.79 Decreased By ▼ -0.02 (-0.26%)
POWER 9.39 Decreased By ▼ -0.22 (-2.29%)
PPL 167.89 Decreased By ▼ -4.39 (-2.55%)
PRL 34.02 Decreased By ▼ -0.57 (-1.65%)
PTC 22.51 No Change ▼ 0.00 (0%)
SEARL 103.97 Increased By ▲ 1.20 (1.17%)
SILK 1.19 Increased By ▲ 0.16 (15.53%)
SSGC 35.95 Decreased By ▼ -1.51 (-4.03%)
SYM 18.10 Increased By ▲ 0.13 (0.72%)
TELE 8.02 Decreased By ▼ -0.19 (-2.31%)
TPLP 11.63 Increased By ▲ 0.05 (0.43%)
TRG 66.16 Decreased By ▼ -0.31 (-0.47%)
WAVESAPP 12.13 Increased By ▲ 0.11 (0.92%)
WTL 1.52 Decreased By ▼ -0.06 (-3.8%)
YOUW 3.81 Decreased By ▼ -0.09 (-2.31%)
BR100 11,562 Decreased By -188.6 (-1.61%)
BR30 33,972 Decreased By -680.5 (-1.96%)
KSE100 110,301 Decreased By -1634.2 (-1.46%)
KSE30 34,387 Decreased By -638 (-1.82%)

ISLAMABAD: The Board of Directors (BoD) of National Transmission and Despatch Company (NTDC) has fired Deputy Managing Director (DMD) Manzoor Ahmad with immediate effect.

According to the notification, the Board of Directors in its 247th meeting held on May 31, 2023 unanimously resolved and approved, effective immediately, terminate the services of Manzoor Ahmad as DMD (AD&M) NTDC, without any cause, in accordance with clause 12.1.1 of the employment agreement of April 30, 2022. Moreover, the Board approved the payment of salary in lieu of notice period.

On May 2, 2023, Chairman Senate Standing Committee on Power, Senator Saifullah Abro had sought a comprehensive report from Power Division on action against two Deputy Managing Directors (DMDs) of NTDC.

On April 27, 2023, Standing Committee on Power in its meeting had urged Power Division to remove two Deputy Managing Directors of NTDC, Zain Banatwala and Manzoor Ahmed immediately, terming their appointments “dubious”.

Additional secretary, Power Division, Arshad Majeed Mohmand informed the committee that inquiry against Zain Banatwala has already been completed and sent to NTDC Board for further action, adding that Secretary Power Division, Rashid Mehmood Langrial has given two-week deadline to NTDC Board to finalise its decision.

Additional Secretary Power Division further stated that inquiry against DMD Manzoor Ahmed is also in process.

Chairman Standing Committee raised questions on selection of Zain Banatwala as DMD, saying that his case is open and shut as he was Member of BoD which conducted interviews for the post of DMD.

He further contended that both DMDs are responsible for the mess associated with the doubtful contract of transmission line from Dasu to Mansehra, adding that action against them is a must.

The sources said, Kamal Ahmed Feroz, acting Secretary Committee, in a letter to Secretary Power conveyed that Chairman Standing Committee has desired that the Inquiry Report into the matter of illegal appointments in DMD (System Operations) and DMD (AD&M) posts in NTDC along-with the letter written by Power Division regarding their removal to the NTDC BoD as a consequence of Inquiry Report as informed by the Power Division in the meeting be submitted.

The sources said, though the NTDC Board has fired DMD Manzoor, another DMD Ali Banatwala is also a ‘disputed figure’ in NTDC.

Copyright Business Recorder, 2023

Comments

Comments are closed.