Sheikh Imranul Haque has been in jail for approximately one month and nobody in the government – not even the serious looking men charged with prosecuting him, nor the slightly more ridiculous men charged with selling the case to the public on television – can tell you why.
Oh, sure, they will use sums that sound large (if you do not think about them for too long or do not know the context) and say that he bilked the government out of money. But pay closer attention and you notice something: no actual allegations of wrongdoing. Just insinuations and a nasty tone used to heavily imply that he must have done something wrong, and perhaps the (correct) hope that energy sector contract law is not something most people know anything about.
Here is how we know this: even the references filed against him by the National Accountability Bureau (NAB), a copy of which has been seen by Profit, do not cite any specific laws he violated. There are allegations – with little evidence – that former Prime Minister Shahid Khaqan Abbasi violated specific laws, such as the 2010 Anti-Money Laundering Act and the 2004 Public Procurement Rules. But what law or regulation did Imranul Haque violate? The allegations are completely silent on the matter.
Using a combination of NAB documents and public reporting on the matter, Profit has tried to put a picture together of what exactly happened. What emerges from our analysis of the matter suggests that, while government officials may have made some errors in the processes used to award contracts for the liquefied natural gas (LNG) terminals in 2015, the government has yet to present any evidence of malfeasance or malintent. Indeed, the government is not even alleging that a quid pro quo took place, which is typically the legal standard for corruption and abuse of power cases.
In other words, for the government to prove that Sheikh Imranul Haque did something wrong, it is not enough to say that he got a favourable contract from the government (we discuss below that it was not as favourable as it has been reported). They also have to prove that he gave the government officials who granted him that contract something of value: cash, a gift, or some other thing that can reasonably be construed as a pay-off.
It does not bode well for the government’s case that, while they continue to shout from the rooftops that Engro Elengy was granted an overly favourable contract – without providing much evidence to back up that assertion – they do not even allege that the former Prime Minister (who was arrested in connection with this case) received anything in return. They actually make the opposite allegation: that after conferring this big favour on the company Imranul Haque worked for, Abbasi decided to do a more personal favour and appointed Haque to the position of managing director of the government-owned Pakistan State Oil.
So what on earth is happening? Let us start at the beginning.
The LNG transaction
The story starts with the pursuit of a liquefied natural gas terminal in Pakistan. Let us recap why this terminal was needed in the first place, and why Engro, of all companies chose to pursue this project.
It was 2006 when the government of Pakistan decided that it wanted to incentivize companies to engage in the domestic production of fertilizer. As a sweetener to that fertilizer policy, the government of Pakistan promised to provide 100 million cubic feet per day (mmcfd) of natural gas, the raw material needed to produce urea, the most common fertilizer used in Pakistan.
The bidding process for that permit saw two companies win: Engro, and the Fatima Group which would go on to set up Fatima Fertilizers in Pakistan. Engro, being the highly ambitious company that it is, decided to make their plant the biggest investment in a single project in Pakistan by a private sector company: they invested $1.1 billion in capital to set up the largest single-train urea manufacturing facility in the world.
The plant was ready to begin testing by early 2010. Unfortunately, that was precisely the time when Pakistan began to reach the limits of its production of natural gas, and the country faced something it had never before seen in its history: natural gas load shedding, which hit the northern parts of the country particularly hard since they tend to rely on natural gas to fuel heaters in the winter.
Needless to say, the government of Pakistan reneged on its sovereign guarantee to Engro to provide that 100 mmcfd of natural gas for the fertilizer plant that they had just spent $1.1 billion – most of it borrowed – in building. This caused revenue and profitability at Engro to be hit badly as the company struggled to pay off the debts for a project that was not earning it anywhere close to the kind of profits that were needed to pay down the loans that it had taken on for the project.
It was around that time – 2011 or so – that Engro started contemplating the idea of setting up an LNG import terminal. The logic behind that move was simple: if the government of Pakistan was not going to supply the gas that it had promised, Engro would simply import it. All it needed was permission from the government of Pakistan to do so, and permits from the state-owned natural gas pipeline companies – Sui Southern Gas Company (SSGC), Sui Northern Gas Pipelines (SNGP) and Interstate Gas – to allow Engro to use their pipelines to pump the imported gas from Port Qasim or Karachi Port to the Engro Fertilizer plant in Dharki, Sindh.
Under the Zardari Administration, the company struggled to get the government to even grant it permission to build the plant, let alone actually start construction and use the plant. So when the Nawaz Administration took office in 2013 and signaled that it was willing to help Engro solve the problem created by the government reneging on its own promises, there was some cause for hope.
It helped that the Nawaz Administration appointed Shahid Khaqan Abbasi, himself a University of California Los Angeles-trained electrical engineer, to the position of Minister of Petroleum and Natural Resources. Abbasi was not familiar with the energy or petrochemical business, but as an engineer, he likely understood the challenge facing the industrial and mechanical engineers at Engro who were trying to solve for the problem of having a massive fertilizer plant that needed to import its fuel after the government’s promises turned out to be hollow.
After a two-year negotiation process, the government finally initiated the process of opening up bids to allow companies to set up LNG import terminals. Engro was among the very first companies to apply and won the bid. NAB alleges that the process was rigged to ensure that Engro won the bid. However, it does not outline what illicit measures that Engro must allegedly have used to secure the government contract.
The government’s allegations
There are three central allegations that the National Accountability Bureau has made against Engro and Sheikh Imranul Haque personally about the LNG project. The first is the issue of capacity charges and why the government ever agreed to pay those (more below on what are capacity charges and why they make business sense for both the company and for the government.)
The second is the allegation that the awarding of the contract to Engro was the result of favouritism on the part of the government. And the third allegation is that Sheikh Imranul Haque was the recipient of further favouritism when he was asked – and accepted – the position of managing director of Pakistan State Oil.
NAB alleges – without specifying how – that Abbasi and other former government officials broke government rules in awarding those contracts. What it does not specify, however, is exactly how Engro Elengy, or Sheikh Imranul Haque personally, violated the law. Did they bribe somebody? Did they threaten somebody? Did they use their influence to improperly influence government procurement processes? At no point does the government specify how Imranul Haque or Engro broke the law.
The problem with capacity charges is particularly egregious. NAB is claiming that the contract is unduly lucrative but provides no benchmark to prove its point that it is an unusually lucrative contract. In particular, NAB officials appear to have a problem with the very idea of capacity charges, which are a commonly used tool by governments and even private businesses to encourage investment in energy infrastructure projects.
In a nutshell, the logic behind capacity charges is this: they generally take place in situations where there is a single monopsony buyer who controls the entirety of the market for your product or service and needs you or another entity to build out essential infrastructure for its business.
Essentially, the only three companies in the country that control the transmission or distribution of natural gas are all majority-owned by the government of Pakistan. So when the government asks companies to set up infrastructure projects – like, say, an LNG import terminal where the company’s only possible buyer is the government – it has to give them some assurances that it will continue to buy the product.
Engro’s agreement with the government is this: either you buy the gas that we import – which we do based on demand projections we receive from you – or you at least pay us some sort of charge that helps cover the costs of setting up this plant. It is fundamentally similar to the contracts the government signs with electricity generating companies: either the government buys their production or at least pays for the cost of them setting up the infrastructure.
This capacity charge, which ended up being utilized for approximately six weeks at the beginning of the project – and which is recoverable by Engro itself buying the gas it imported using the terminal – is being presented by NAB as a scandal, without any acknowledgement of the fact that this kind of arrangement is relatively standard. Nor is there any specific allegation as to which law or regulation prevents Engro Elengy from entering into such contracts, or what law makes them and their executives criminally liable.
In short, here is what happened: Engro believed the government when it said it would provide them with the amount of gas they would need to justify a massive $1.1 billion investment in urea production. Once it became clear that the government itself was not interested in fulfilling its promises, Engro tried to set up its own infrastructure to import natural gas. For that it needed permissions, which it received after years of waiting for the government.
Then, once it had secured those agreements and raised the money to make its infrastructure investment, Engro and its executives were faced with potential criminal charges for having the audacity to have a normal energy sector contract with the government of Pakistan as their counterparty. And, for the first time, a private sector executive was arrested without any allegations of criminal wrongdoing.
Not only did the government renege on its initial promises, but it actually jailed the head of the Engro team that decided to solve that problem without the government’s help.
The Engro project
The bidding process used to grant Engro Elengy the terminal license was the same process as the one used to grant contracts for Dasu Dam, which is to say that it was a single-stage, two-envelope process. Both Engro and Pakistan Gas Port Ltd (PGPL) submitted final bids. PGPL’s bid was declared technically non-compliant by an independent, USAID-appointed consultant (the UK-based firm, QED).
Unsolicited Twitter feedback by PGPL subsequently confirmed that the bidding process was transparent.
The LNG terminal project has returns in line with other contracts the government has entered into and is similar to independent power producer (IPP) projects in Pakistan. The project was price competitive. Engro’s terminal tariff is $0.44 per mmbtu, which is comparable to international and regional projects.
The USAID-appointed consultant (UK-based, QED) conducted bottom up costing and determined that a competitive tariff would be between $0.57–$0.78 per million British thermal units (mmbtu). By comparison, the rates in Indonesia are $1.50–2.0 per mmbtu, Japan $0.66 per mmbtu, 4GasAsia $0.84 per mmbtu for retrofit at SSGC LPG, and India at $0.80–1.10 per mmbtu.
And while it is true that capacity payments – which are the norm for such projects – are due to Engro; $272,000 per day in year 1 and $228,000 per day in years 2-15, no capacity payments have been made to Engro whatsoever to date (given the fact that the project is running at over capacity i.e. there is no idle time.
Figures being reported in the media are misquoted as representing profit. Per attached article, overall revenue for Engro from this project has been estimated at $1.5 billion. The company argues it will pay back around one-third ($0.45 billion) of the revenue to the government – state-owned Port Qasim Authority (PQA) and the federal government – in the form of taxes and port and shipping royalties.
The lease of floating storage and re-gasification unit (FSRU) is about $750 million and the shore side facility costs $130 million over the 15-year period. A second terminal has since been awarded to PGPL on the same basis with equivalent payments of $240,000 per day.
The LNG terminal was set up in record time of 330 days, 5 days before deadline. The past five attempts have failed during three governments at implementing LNG projects since 2006. The LNG terminal has thus far saved Pakistan $1.2 billion per year due to reduced import of furnace oil. In addition, there have been savings of $600 million by negotiating the best deal for the country for LNG procurement, according to Bloomberg News. (Source: Bloomberg article).
How the Sheikh is holding up
Let us not forget that in the middle of all of this, Imranul Haque is still in jail. As sources close to him confirmed to Profit, it has been 30 days since his arrest and a reference has yet to be filed against him. NAB’s investigative team only visited the Engro elengy port last Monday for the first time, having already arrested Imranul Haque and Shahid Khaqan Abbasi.
The Investigating Officer (IO) in the case in the last hearing informed the court that he would finish his inquiries in 14 days. The question remains to be asked, what will they manage to do in 14 days that they have not in the past 30? NAB’s answer has been that they are going to interview board members in their hunt for irregularities or corruption. Needless to say, the reader should not be surprised if 14 days from now when Imranul Haque applies for bail and asks that his remand be ended, he is given another promise that the IO will have the case wrapped up with a pretty pink bow in another two weeks.
“NAB has said that they will be done in 14 days, and we hope that this will be it. There is no logical reason for him to be under lock and key” Salmanul Haque tells Profit. He is Imranul Haque’s son.
“They’ve been very good to my father while he has been in their custody, this much I would like to say. He gets time outside every day and we are allowed to see him a few times a week. He also gets food from home thrice a day. But he is still in a cell, and he has been in there for a month and might be for longer – and that too just for doing his job well.”
He has a point. As previously discussed, the accusations against Imranul Haque have essentially centered around him striking a good deal with the government. And while it is up for debate whether Shahid Khaqan Abbasi or Imranul Haque had the better end of the bargain, he is currently being punished for doing a good job as a CEO.
And while he may be getting good treatment from NAB, he is still their prisoner. According to sources close to Imranul Haque, he does not get questioned a whole lot for someone under investigation. An interrogator might come in for 20 to 30 minutes every few days and chat with him about this and that. The entire process has an air of stalling about it.
In this case, one might just have a pinch of sympathy for the interrogators. They have a job to do, which is interrogate. And one would imagine a lot of interrogating – hours on end of it daily – especially if someone has been in custody for a month.
But the interrogators have little to ask him. His actions as CEO were legal, and again, he has not been charged with anything illegal either, just a lot of conjecture. His appointment as MD of PSO was perfectly legal, and perhaps testament to the job well done that was his deal with the government.
“NAB has been good to my father yes, but again, they have said they need only 14 more days. When nothing comes up again, as it inevitably will, I hope they will remember their own words and not ask for another extension in remand” Salmanul Haque ended.
The consequences of the government’s decisions
Here is why all of this matters: the government of Pakistan has basically proven itself an untrustworthy counterparty in any negotiations on matters of public-private partnerships. Which company in their right mind would ever want to trust the government when it next calls for investment in a particular sector that the government deems necessary for the country’s economic progress? And which CEO will want to engage in those negotiations know what Sheikh Imranul Haque has gone through.
Imranul Haque has the kind of credentials the government would dream of to have as the leaders of state-owned companies. Well-educated, decades of experience working as an engineer and manager at energy and petrochemical companies and willing to work in a state-owned company.
Who does the government think will answer their ads for managers and CEOs of large, troubled state-owned companies knowing the kind of trouble it can bring? Will it be well-credentialed people, or will it be charlatans who know they cannot get a well-paying job in the private sector?
This is fundamentally the government scoring an own goal and limiting its own capacity to implement a reform agenda when it comes to the economy?
The consequences for professionals
Lastly, it is important to address what the arrest and NAB allegations against Sheikh Imranul Haq mean for professionals in the country who have ever considered working for the government and are anxiously waiting for the government’s civil service reforms to open up recruitment for government jobs that can allow them to have an impact on the country’s governance.
Does this process give anyone more confidence that the government – in particular the Imran Khan Administration – have the best interests of the country at heart and will not subject them to politically motivated persecution when it suits their convenience?
The answer to those questions are uncomfortable for anyone in the government or private sector to contemplate.
(With additional reporting by Abdullah Niazi)
Please also mention the salary which Mr. Inam-ul-haque was getting as CEO- PSO and the salary which he was drawing drawing as CEO- Engro Elengy.
Being CEO of Engro, whatever he’s getting was approved from board, even if its in millions. And salaries in private sector have remained higher, let alone CEO of one of the top groups of Pakistan.
The PSO Board is not independent it is nominated by the petroleum minister most of them were his cronies, the competent authority to approve the salary package is PM which he refused to approve, his tenure of three years is also illegal as per Rules of business Esta-Code
You do nothing but misguide ppl Sir.
These salaries do not come to people with no competence or skill. There is no harm in taking big salaries as long as you are doing the right thing. While on Board of Companies usually people are not paid with big salaries. They get it from their parent companies. Being on Board of other companies is an honorary thing and is earned with repute and performance
No one from corporate sector will work on state enterprises if such situation prevails these state enterprises could only turn around by professionals from corporate sectors not by govt burro crates or from people from forces PTI govt has failed in economic front look at state enterprises having ad hoc setup will not yield result’s
Allegations of capacity charge is so silly. Even a taxi you hire and let it wait on you door would charge you even if you do not take the trip.
he could be talented but one arrogant and hot head person who has no interpersonal skills. treated everybody like thieves in pso made outside appointments in pso at top position at higher salaries while good and qualified people were available to handle the same matter
He had zero knowledge of oil marketing and his presence in PSO was like a bull in a china shop with a fat salary of over 5 million five time more than the previous CEOs.He was appointed by SKA to complete his dream project of LNG procurement contract for 15 years at G to G basis which he had it done at only 4.2 billion usd higher than the contract concluded by the Govt PLL co: The market share of PS0 also came down to 39% from 61% in three years,he also illegally appointed 21 senior officers with out having requisite qualifications on very high salaries which brought total non cooperation form the deserving employees from within the organisation,I can write volumes on his mismanagement but this is enough for the time being.
Before entering politics Shahid Khaqan Abbasi had worked in Oil & Gas sector in middle east.
Seems like a revengeful comment with zero understanding of the topic!
If u can write volumes sir, u should, with the evidence, such allegations are allegations at their most.
And this is exactly what we should avoid. Easier to tarnish someone’s character and then later apologising
You must read the Audit Report carried by Auditor General of Pakistan as per order of Supreme Court of Pakistan every wrong doing is all in black and white with proofs.His illegal appointment,tenure and all wrong doing and ever lasting collateral damage he has done to PSO where as LNG is not the core business of PSO and it has no role from procurement to distribution except for finances.
How authentic are the audit reports/observations is one question though. They are nothing more than initial observations. Also mention how many observations against PSO were raised by auditors and what is %age of settled ones by the GoP?
Since all are together in this rotten business they work as a team why has secretary petroleum Abid Saèed and Mubin Salut md ISPL become approvers against SKA and SIH
عمران شیخ ایم ڈی پی ایس او کے طور پر فضول ادمی تھا- اس کا اصل کام تو اہل ان جی کے ایگریمنٹ کو مکمل کروانا تھا ۔۔
جب کبھی ریٹائرڈ یا ان سروس افسروں کو کسی ادارے نے گرفتار کیا موصوف بہت خوش ہوئے اب اپنی دفعہ کیا ہوا ہے۔۔ کچھ تو دل میں کالا ہے۔
پیارے بھائ، کبھی آ کر ان حضرات سے ملاقات فرمائیے جنھیں شیخ عمران صاحب نے خطیر مشاہروں پر بلا ضرورت نوکریاں دیں- بر سر تزکرہ حضرات از خود اپنے نکمے پن اور شیخ عمران کی بدعنوانی کا منہ بولتا ثبوت ہیں-
ان میں سے کئی لوگ تو پورا دن فارغ بیٹھنے کے آٹھ سے دس لاکھ ماہانہ وصول کر رہے ہیں بنا کسی شرم و حیا کے- آخر پروفیشنل جو ہوئے بقول آپ کے 😂😂😂
Since 2000 the position of MD Pso has been on sale and the people who promised to meet the demands were appointed on contracts so much so one contract MD from ENGRO was murdered the rest all came from corporate sector with single agenda to work against the company and then make their own OMC s Starting from Shoukat Mirza,Tariq Kirmani till Imran ul Haq before 2000 when the market share was 72% the employees from within the company were elevated to position of GMs,DMDs and MDs Shoukat Aziz was the mastermind of all this arrangements TK was his friend and facilitator the rot started from there.
It was well planned, Foreign Consultant QED was fake and nominated, they worked his job as instructed by Khaqan Abbassi. ISGS has floated tender and on single bid, it was awarded to Engro which is PPRA violation.
No any business in the world, where total pay back ( return on investment) period is 3 to 4 year like Engro LNG.
God help us, we not required this type investments in Pakistan.
This tendering business started in 2012 with the building of total infrastructure worth over 200 million USD with jetty and Terminal on ground that tender was shot down through Iitkhar ch from SC then the fourth tender was floated through ISGS (Mobin Saulat) the approver on tolling basis keeping in mind that Engro already had an idle lying LPG terminal where they added on 400 meter pipe line and retrofitted the rest of plant the whole agreement was drafted by SIH as Elengy CEO,first the gave a approx cost of 30/40 million USD later they jacked up to 133 million USD and 272,000 usd per day as capacity charges after completing the terminal he switched to PSO to do the long term LNG purchase agreement which is a clear conflict of interest to favour his masters ENGRO
It is difficult to conceive that any good can come of ill thought out, unlawful or futile accountability exercises. Is the real intention here to wreck Pakistan’s economy?
Can anyone tell us:
1. Dawood Hercules had 51% plus stake by sponsor family ‘Dawood Group’ since many years. Later how did Dawood Hercules have 10 or more offshore companies holding 3-5% shares each?
2. How the offshore companies were formed and their legality?
3. Was the dividend siphoned out of Pakistan to form these companies?
4. Dawood Family name is on Panama offshore companies list but no action taken, why?
Tariq Akbar Momand is the same guy who attempted to make Billions in a LED lights scam with Faisal Sakhi Butt during the PPP era. He and his sons are bonafide fraudsters . Tariq Akbar is well known in PSO circles for being the most corrupt official to come out of the company for decades and was forcibly removed from his position .
He has been lobbying for the MD PSO position for years now but to no avail . His frustration is clearly visible in his posts.
What has the world come to . People such as Tariq Akbar Momand are preaching us on morals and integrity .
Ha ha ha you are too frustrated and desperate pl verify your facts before you blurt out rubbish and also see the latest YouTube in circulation on LNG deal which has very minutely explained every ones role in the LNG deal.
Kindly share the YouTube link of these videos that you think explains the true facts. Also kindly throw some light on two questions I have about bidding process and number of options if available any besides Engro.
Tariq have introduced. He is same who was once asked by chief justice saheb to shut up becuse he was wasting time in petrol price case. Audit firm which was appoint by supreme court audit pso 3 yrs record of Imran ul haq saheb time. It was clean record. Report in supreme court. Chief justice saheb ask Tariq Alkbar to shut up when he mislead the hon court during the case. Tariq Akbar is a corrupt person. He says a lot about corruption, corruption and has np evidence. Yeh sab ko ‘Ch’ banata rahta ha iska yahi kaam ha.
It was the Chief Justice Saqib Nisar which took suo Moto case of SIH and sent a reference to NAB against him, regarding his appointment, salary package, LNG case and his irregular activities In PSO,so much so SIH was ridicule for not knowing the pricing of petroleum products.
People like Tariq Akbar Momand are the scum of the earth . They will IA get what’s coming to them .
What I have said about Tariq Momand is just the tip of the iceberg . His entire family is full of fraudsters . Despite his best efforts , he was unable to rise beyond a mid level manager at PSO. It is a well known fact at PSO, that this individual was so corrupt that he would even steal the stationery from the office where he used to work .
Let’s hope that we are able to get rid so such propagandists and fraudsters. Only then can this country move forward.
I am still confused about the bidding process. Was bidding for this project done on a fair manner. As reported on the TV and by different investigative journalists like Rauf klasra, bidding was designed to award this project to Engro. And my second question is that if this project would not have been done by Engo, did we have any. Other choice with in Pakistan or outside Pakistan because according to the advocates of this expensive project, Pakistani govt had only one choice of Engro to conduct this project.
I think all of the ppl commenting here (now I’m including myself too) seem to have very little knowledge of the company, sector and government rules.
While I am no one to comment if he did something wrong or not but one thing I strongly recommend that let the law take its course. If SIH has done anything wrong he would face it if not he would be free. At the end of the day, God is the best judge and let us not at present give our verdicts.
For those who have such knowledge of the sector and government , plz offer your services to the government bcoz they need it more in actual then in words.
Although I am not convinced of allegations regarding capacity charges, what I would like to know is how much capacity charges if any were paid by previous & present gov’t. Similarly if any penalty was paid by Engro for the terminal being offline.
I remember in last winter, current gov’t sold few shipments of LNG in open market & we ended up with gas shortages. Even power plants had to be shifted to furnace oil on emergency basis. This happened few months after the minister of Power Omar Ayub Khan made the astonishing claim to Shahzaib Khanzada, while castigating previous gov’t for shifting to LNG, that furnace oil is cheaper than LNG.
When this became public knowledge that furness oil is in fact much more expensive to produce electricity, which perhaps came to the knowledge of the PM from TV like most of other very important matters, he ordered that furness oil must not be used as previous gov’t policy in power sector.
If employment at PSO was a favour, how much extra salary did he get from PSO, compared to Engro.
The article is quite comprehensive, almost all the contents and figures are relevant and yes by doing these acts with little knowledge over the subject, govt is proving itself as untrustworthy partner.
However, i think you guys need to recheck on the capacity payments made to EETPL as it is written that there were no capacity payments made to the Project. This fact needs to be rechecked.
Rgds.
Although I am not convinced of allegations regarding capacity charges, what I would like to know is how much capacity charges if any were paid by previous & present gov’t. Similarly if any penalty was paid by Engro for the terminal being offline.
I remember in last winter, current gov’t sold few shipments of LNG in open market & we ended up with gas shortages. Even power plants had to be shifted to furnace oil on emergency basis. This happened few months after the minister of Power Omar Ayub Khan made the astonishing claim to Shahzaib Khanzada, while castigating previous gov’t for shifting to LNG, that furnace oil is cheaper than LNG.
When this became public knowledge that furness oil is in fact much more expensive to produce electricity, which perhaps came to the knowledge of the PM from TV like most of other very important matters, he ordered that furness oil must not be used as previous gov’t policy in power sector.
Reminds one of the Kafka’s novel “The Trial”. One of his best-known works, it tells the story of Josef K., a man arrested and prosecuted by a remote, inaccessible authority, with the nature of his crime revealed neither to him nor to the reader
This really sums up the situation. We are in a kafkaesque scenario.
People like Tariq Akbar Momand are the scum of the earth . They will IA get what’s coming to them .
What I have said about Tariq Momand is just the tip of the iceberg . His entire family is full of fraudsters . Despite his best efforts , he was unable to rise beyond a mid level manager at PSO. It is a well known fact at PSO, that this individual was so corrupt that he would even steal the stationery from the office where he used to work .
Let’s hope that we are able to get rid so such propagandists and fraudsters. Only then can this country move forward.
Ha ha I know you very well I was not for sale and never made a deal against PSO’s interest I was offered MD ship many times but refused,that’s why every Tom, Dick and Harry who made a deal become MD, masha Allah Most of the MDs are under NAB custody or absconding aboard from NAB and the person writing these reply is dubious or he should come up with his name,I retired as Sr General manager in 2014 upon reaching age of retirement.
Tariq Akbar is well known name of PSO.. He is cultured and man of honor.. Before saying any thing against him you could have proof otherwise you are nothing just a lier..
SI Haq was a fake man and he deserves the jail.. due to his inability PSO lost his position in market..
Please don’t make us laugh. A person who is famous for stealing office stationery passed on becoming MD PSO.
No proof is required. Every other person in Islamabad can is aware of Tariq Akbar Momand and his family. They are famous for launching inordinate schemes and attempting to make a quick buck every couple of years.
He entered PSO with the help of his father in law (using the PPP channel) and received several out of turn promotions. Despite using the PPP govt to his advantage for a long time, he eventually turned against his benefactors after they refused to promote him in 2012 over corruption charges. Ever since then, he has been lobbying to become MD PSO through different channels but has failed miserably.
The guy has the skills and aptitude of an entry level clerk and I am surprised to learn that he made it to the position of General Manager. No wonder PSO is where it is today.
His sons are famous in Islamabad for running a gambling ring and snorting cocaine at every party. Tariq Momand is often seen intoxicated at social gatherings in the twin cities.
This is your frustration showing up,The charge of stealing stationery in this age of computer is ridiculous.I join PNO in 1975 when you were in liquid form,later it became PSO in 1977,pl do some research before you put these childish allegations on me,as for my children pl be a man I don’t need your certificate for my character every one right from driver to the MD and the top hierarchy knows me personally,you must be one of the beneficiaries of illegal gains that’s making you desperate and helpless you can see they will be coming for you.Let me tell you that you have done disservice to your friend by exposing his misdeeds to the public by writing a paid article and try to prove NAB wrong pl convinced them not the public.
Well i think it is a calculated move to pollute the public opinion against the PTI government and to project this swine as a glorifying saint in the corporate sector although this LNG investigation by NAB was started during the tuner of PMLN Government while Shahid Khaqan Abbasi was petroleum minister and then became Prime Minister and NAB is also Independent organization not under the present Government. for your information His father Nisar ul Haq was also a big cheat who’s company in Iraq was banned and employees deported to Pakistan. Nisar was brother of S I Haq who was chief Secretary Punjab and know for his corrupt reputation. He jointly with Ahad cheema Ex secretary Punjab provincial government was also PSO board member inducted all the corrupt people from the MAFIA and completely taken over the top management of PSO. which make all the important decisions. i hope the government will look into all this and clean the mess once for all.
I hope that you do not go about your days speaking absolute untruths with as much conviction and authority as you just did in the comment above. In a few words, without personal knowledge, you smeared an entire family. When the truth is separated from falsehood, and all comes to light – I hope you will know that your false words don’t only malign honorable and honest men, and hurt hearts but they are misguided and spread such vile untruths. Shame on you for speaking as though you know and act as a judge over men who are long dead.
Dear all please see the latest press release by NAB khi on his illegal appointment and other illegal appointments he made in PSO on YouTube and also Update on Pak-Qatar LNG contract 2016. I think the illegal appointees who were appointed for a specific position are not there now there number is coming get ready.
Shaikh Imarn was not selected on merit for MD PSO position as he didn’t have any OMC experience. He was simply a Sr. Manager level person which was made Managing Director of the largest oil marketing company of Pakistan. As he didn’t headed any organization in his career so his vision was very limited which resulted in market share decline. In his tenure no good thing happened in PSO all the major infrastructure rehabilitation works were stopped resulted reduction in Compnay’s fuel storage capacity and hence profitability.
People breaking traffic rules get a ticket, off-late they get e-Challan and pay fine for breaking the law. A poor man suspected of stealing is beaten to death, jailed and then forgotten by the system, Police takes money and frames charges on an innocent who then is sent to the gallows & hanged.
Are laws in Pakistan only for the underprivileged and have-nots.
Mr. Imran ul Haq is in jail because NAB believes he was a crony of PM Abbasi and granted favors at his behest. Why should it worry Corporate leaders?? So stop this nonsense of scare mongering.
When one citizen gets ticket for violating traffic rules, should other stop using roads for commuting? Only those should be scared who have skeletons in their wardrobes. Corporate leader or a commoner on the street, anyone or everyone should be scared of breaking laws and granting favors at the expense of Pakistan.
Law should treat all citizens equally. Had enough of this nonsense where political and business mafias get away with everything and petty criminals receive the full force of law.
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