AGL40.13▲ 0.12 (0.00%)AIRLINK189.43▲ 1.45 (0.01%)BOP10.34▲ 0.22 (0.02%)CNERGY7.21▲ 0.1 (0.01%)DCL10.21▲ 0.06 (0.01%)DFML41.8▲ 0.23 (0.01%)DGKC108.63▲ 0.72 (0.01%)FCCL38.59▼ -0.41 (-0.01%)FFBL89.91▲ 7.89 (0.10%)FFL15.02▲ 0.12 (0.01%)HUBC123.23▲ 3.77 (0.03%)HUMNL14.45▲ 0.4 (0.03%)KEL6.34▼ -0.06 (-0.01%)KOSM8.4▲ 0.33 (0.04%)MLCF49.47▲ 0 (0.00%)NBP74.82▲ 1.16 (0.02%)OGDC213.41▲ 8.56 (0.04%)PAEL32.99▼ -0.57 (-0.02%)PIBTL9.07▲ 1 (0.12%)PPL199.93▲ 14.52 (0.08%)PRL34.55▲ 0.94 (0.03%)PTC27.21▼ -0.18 (-0.01%)SEARL118.19▼ -1.63 (-0.01%)TELE9.88▲ 0.19 (0.02%)TOMCL35.42▲ 0.12 (0.00%)TPLP12.57▲ 0.32 (0.03%)TREET22.29▲ 2.03 (0.10%)TRG60.9▲ 0.12 (0.00%)UNITY36.69▼ -1.3 (-0.03%)WTL1.79▲ 0.14 (0.08%)

Power Division unveils DISCOs hiring rules for IMF compliance

Share
Tweet
WhatsApp
Share on Linkedin
[tta_listen_btn]

ISLAMABAD – The Power Division issued guidelines on Tuesday for the recruitment of professionals in government-operated Electricity Distribution Companies (DISCOs) to improve their performance, aligning with conditions set by the International Monetary Fund (IMF).

Despite the directive, challenges have emerged as the boards and chief executives of DISCOs are urged to implement these guidelines promptly.

On January 10, 2024, the Power Division issued comprehensive guidelines for the recruitment of professionals at state-run DISCOs. A proposal from the Power Division aimed at improving DISCOs, presented to the federal cabinet, was rejected. The Finance Ministry opposed the proposal, advocating for DISCO management by industry experts.

The Power Division’s proposal included the establishment of monitoring units, led by government officials, to address power theft at DISCOs. However, this suggestion faced resistance from the Finance Ministry. The guidelines encompass the appointment of key positions such as Chief Financial Officer, Company Secretary, Chief Internal Auditor, Chief Human Resources, Chief Legal Officer, Chief Commercial Advisor, Chief Technical Advisor, Chief Information Technology, and Chief Supply Chain Management.

 

Related Posts

Get Alerts