The federal cabinet has approved the appointment of Shahid Mahmood Khan as CEO of Pak Arab Refinery Limited (PARCO).
Shahid Mahmood Khan is a chartered accountant with approximately 30 years of experience in finance, general management, supply chain, government relations, business planning, oil, auto development and accounting.
Shahid Khan is currently the Project Manager at PARCO Coastal Refinery (PCR) Ltd. PCR is a planned Pakistani oil refinery located at Khalifa Point in Lasbela, Balochistan. It was established by PARCO through a joint venture between the governments of Pakistan and Abu Dhabi.
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This author had previously heard that the petroleum division had reportedly paved the way for the appointment of a "naive-looking officer" to PARCO's top position.
The petroleum division had also set up a four-member committee to approve preferred candidates as "qualified" for PARCO's toplock.
"Ahsan Khan, a preferred candidate for PARCO's top spot, has ties to a federal minister, and the Ministry of Oil is looking to secure his nomination for the next PARCO-MD," an official source said on condition of anonymity.
It should be noted that a consulting firm, Sidat Hyder Morshed Associates (Pvt) Limited, had previously identified the names of Ahsan Khan and two others as "unsuitable" using its own method of listing candidates.
Separately, the sources say, the petroleum department had set up a high-level interview committee (HPIC) that included Energy Secretary Omar Ayub Khan as chairman and special assistant member of the petroleum prime minister to create the need for it. to conclude.
Sources shared details of the federal cabinet meeting, saying the prime minister and cabinet members were unhappy with the inclusion of "unsuitable candidates" on the final candidate list and expressed anger at Petroleum Division officials.
