Mustafa Ramday appointed PSO chairman; pledges to serve without charging fees

Business Recorder reported on Friday that the government has named Mustafa Ramday to lead Pakistan State Oil Company’s reconstituted board. His appointment as chairman and independent director takes effect immediately and runs for three years. Ramday is a Supreme Court advocate and former Punjab advocate general, with a career spanning legal work in commercial and energy matters.

The report says he has advised on CPEC, power production and clean-energy initiatives, and has represented oil, gas and electricity businesses in international arbitration. Ramday has also said he will perform his PSO duties without accepting directors’ fees or reimbursement for travel, accommodation or other work-related costs, whether incurred in Pakistan or abroad. The board also includes independent directors and ex-officio representatives from the petroleum, power and finance divisions, as well as Pakistan LNG’s chief executive.