Management crisis in NTDC costs country dearly

80

The management crisis in National Transmission and Despatch Company (NTDC) has inflicted billions of rupees’ financial loss to the national exchequer on account of delays in some key projects, well-informed sources told Business Recorder.

The main problem has been the conduct of the Board of Directors (BoD) headed by Naveed Ismail, who is also facing NAB inquiry as to the BoD and its committees are meeting more than once a month and its Chairman has also taken over the operations of the company, informally.

A Deputy Director level functionary of the Admin/ HR cadre had been given the position of GM HR NTDC who is running all the affairs of NTDC being a close aide of Chairman NTDC. —Agencies