Govt Shortlists Candidates for 4 Positions on PMDC Board

Meanwhile, the head of Pakistan's mine owners' body has been nominated for the Board of the Pakistan Mineral Development Corporation (PMDC), raising conflict-of-interest reservations as the state-owned business fights the same contractors his association represents.

Key points

• While the fourth consists of Sima Kamil, Zara Salman and Javeria Tareen, the third panel includes Muhammad Ayub, Zarak Khan and Mian Ghulam Mustafa.
• Regi is reportedly the President of the All Pakistan Mine Owners Association (APMOA), whose members include plenty of of PMDC's Raising Contractors (RCs).
• Oil Rates Crash After US, Iran Leave Door Open to End War.
• Sources informed ProPakistani that the Ministry of Petroleum has forwarded four panels of candidates to the Prime Minister.
• The first panel includes Zafar Mahmood, proposed as Chairman, Shehryar A.

Sources informed ProPakistani that the Ministry of Petroleum has forwarded four panels of candidates to the Prime Minister. This person will pick four independent directors for the PMDC Board.

Oil Rates Crash After US, Iran Leave Door Open to End War. Who Is on the Four Panels.

In practice, the first panel includes Zafar Mahmood, proposed as Chairman, Shehryar A. Buksh and Dr. Nisar Ahmed Cheema. The second has Mir Behroz Regi, Ardeshir Khursheed Marker and Javaid B. Sheikh.

While the fourth consists of Sima Kamil, Zara Salman and Javeria Tareen, the third panel includes Muhammad Ayub, Zarak Khan and Mian Ghulam Mustafa. Why Regi's Nomination Is Under Question.

As sources indicate, these contractors had been paying PMDC around Rs. 1, 500 per tonne of coal while selling the same coal in the market for regarding Rs. 40, 000 per tonne. Projections suggested this could push PMDC's cash flows into the negative within a couple of years.

PMDC then introduced a Joint Operation Model to boost revenue, tighten oversight and promote safer mining. The contractors have resisted through strikes, litigation and political pressure, and PMDC is contesting the disputes in various courts. Fuel Sales Suddenly Recover.

While contractors earned concerning Rs, under the old accord, PMDC kept less than 4% of coal's market value. 38, 500 per tonne. As the administration pitches the mineral sector to foreign investors, a board member tied to those contractors would sit on the body deciding whether these PMDC reforms go ahead. The Secretary Petroleum did not respond to a request for comment. Stay Connected with ProPakistani.

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In short, govt Shortlists Candidates for 4 Positions on PMDC Board is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.