Govt appoints Mustafa Ramday as PSO chairman for three years, reconstitutes board

Pakistan State Oil Company (PSO) has appointed Mustafa Ramday as chairman for a three-year term, effective immediately, following a federal government decision to reshape the company’s board, Profit by Pakistan Today reported. A notification from the Petroleum Division of the Ministry of Energy also names Ramday as an independent director. Four other independent directors have joined the board: Muneeb-ul-Haq, Aftab Hussain, Imtiaz Hussain Kazi and Saira Shahid Hussain.

The reconstituted board will also include the secretaries of the Petroleum, Power and Finance divisions as ex-officio directors. Those secretaries can nominate substitutes, but their representatives must hold a rank of BS-20 or higher. The chief executive of Pakistan LNG Limited has also been appointed as an ex-officio director. The changes set the leadership and board composition of the country’s largest oil marketing company for the coming period.