An emergency meeting of the Board of Directors (BOD) of Pakistan Steel Mills Corporation was held on Friday. The BOD has suspended the services of Mr. Imtiaz A, K, Lodhi as acting Chief Executive Officer (CEO) and CFO of the Pakistan Steel Mills Corporation with immediate effect.
As an interim arrangement, the BOD has placed Mr. Wasif Mehmood, Principal Executive Officer as the Acting CEO in addition to his present assignment. The BOD has requested this Ministry (MoIP) to immediately nominate a full time CEO for Pakistan Steel so that BOD may confirm his appointment in its next meeting scheduled on 4th February, 2011. The BOD in its meeting requested the MoIP to take up the matter with the Interior Division for placing the name of Mr. Imtiaz A.K.Lodhi on ECL.
It is pertinent to mention here that the Ministry of Industries and Production has already sent a summary to Ministry of Finance about 6 months ago for the appointment of a full time CEO for Pakistan Steel. So the summary for the appointment of a full time CEO for Pakistan Steel is lying pending with Ministry of Finance. Further, in compliance of the instructions of PAC, this Ministry has already written a letter on 22-01-2011 to Ministry of Interior to put the name of Mr. Imtiaz A.K. Lodhi on ECL and not to review/extend the validity of his Passport and CNIC.
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