Restructuring of BoDs of oil, gas, mineral companies soon

ISLAMABAD: Minister for Petroleum and Natural Resources Ghulam Sarwar Khan announced that the Board of Directors of five public sector companies working under the aegis of the Ministry of Petroleum will be restructured soon.

These include Sui Northern Gas Pipelines Limited (SNGPL), Sui Southern Gas Company Limited (SSGCL), Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL) and Pakistan Minerals Development Corporation (PMDC). Moreover, fresh appointments will be made on these BOD's strictly on the basis of merit. Provincial representation has also been ensured. For the first time in the country's corporate history, women have been delegated on these BOD's. Under new laws, every board shall ensure that one woman representative, each shall, be represented in all BOD's constituted in the future.

The present government has made history by ensuring female and provincial representation on all boards of Directors. All appointments will be made on a transparent, merit based and non-political basis. The BoD of PSO has already been reconstituted earlier.