Aamir appointed acting MD of ISGS

ISLAMABAD: After the contract of Nadeem Bajwa expired on June 30 as Managing Director of Inter-State Gas System (ISGS), the Board of Directors appointed Mohammad Aamir Khan, Chief Financial Officer (CFO) as the acting Managing Director under the interim arrangement.

“Yes, I have got the charge from Nadeem Bajwa as acting Managing Director under interim arrangement, as the process for regular Managing Director has reached finalization stage,” Mohammad Aamir, confirmed to The News. ISGS was established in 1996 to complete the trans nations pipeline projects like Iran-Pakistan (IP) and Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipelines. Later on, it was assigned to undertake working on Pakistan Stream Gas Pipeline (PSGP) and the Underground Gas Storages (UGS). ISGS is a private limited Company established in 1996 under the Companies Ordinance, 1984 (Companies Act, 2017) and a wholly owned subsidiary of Government Holding (Pvt) Ltd. It has a Board of Directors comprising nine members with an authorized share capital Rs20 billion. The officials of the Petroleum Division said the Board of Directors has almost completed the process for hiring a regular MD.