KPK : Restructuring of oil company approved. PESHAWAR: Khyber Pakhtun-khwa Chief Minister Pervez Khattak has said that the KP government will exploit and utilise the natural resources on the welfare of the masses. Presiding in a meeting in Islamabad on Thursday, the chief minister approved restructuring the administrative framework of government owned Oil& Gas Company as well as the Pakhtun-khwa Hydel-power Development Organisation (PHYDO). The restructuring will facilitate quick decision making and hiring of key technical and administrative human capital on market based salaries, said a handout. The KP government will also put sizable investment in its financial obligations for achieving the physical goals and attracting ample Foreign Direct Investment (FDI) in the three sectors of oil, gas and hydro power. Earlier meeting representatives from MOL Pakistan Oil & gas Co, led by Ali Murtaza Abbas, political advisor met with the chief minister and presented a brief on the company’s performance in Khyber Pakhtunkhwa. MOL Group, a leading integrated oil & gas group in Central & Eastern Europe and headquartered in Hungary, is a market leader in each of its core activities in Hungary, Slovakia & Croatia. Khabar | The News
Posted on: Fri, 04 Oct 2013 14:56:18 +0000
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