Race on for SNGPL MD’s slot BY NAUMAN TASLEEM , (LAST UPDATED APRIL 12, 2011)

LAHORE – The rumours of change of the managing director of the Sui Northern Gas Pipelines Limited (SNGPL) have become strong and names of two senior officials are being considered for the lucrative slot, sources told Pakistan Today on Tuesday. The rumours got strong when MD Rashid Lone said that he will resign.

A couple of days ago, the Supreme Court, in its order, said, “As far as the question of continuation of contract of incumbent Abdur Rashid Lone is concerned, the counsel undertakes that the matter shall be placed before the Board of Directors of the company and it would be pointed out that it would not be appropriate to allow him further to continue on contract so other competent engineers may get a better chance for showing their talents in this behalf.”
Two people are considered favourite for the slot including Deputy Managing Director (DMD) Muhammad Shariq and Senior General Manager Arif Hameed. Shariq is considered favourite, as he is the most senior officer and has vast experience of dealing with stakeholders such as the All Pakistan Textile Mills Association (APTMA) and the CNG sector, sources said adding that it is not final that an officer of the company will be appointed.
“According to rules, the Board of Directors could ask an outsider for the slot,” sources said adding that if seniority is concerned then both of the above-mentioned officers are in the race but if the BoD takes a different decision then anybody could be appointed. To a question about change in the present MD, an official said that the change is written on the wall.

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