Pakistan Solar Association’s licence revoked over misconduct

Decision also includes sanctions against key members of the PSA, prohibiting their membership in any trade organisation for five years 

The Director General of Trade Organisations (DGTO), operating under the Ministry of Commerce, has officially revoked the licence of the Pakistan Solar Association (PSA) due to alleged involvement in irregularities and a breach of regulations.

The decision also includes sanctions against key members of the PSA, prohibiting their membership in any trade organisation for five years and imposing fines.

This action follows findings that the PSA’s executive committee was complicit in illegal activities orchestrated by a fraudulent secretary general.

The committee was accused of withholding critical information from trade organisation regulators, constituting a violation of the law.

Consequently, the membership of all executive committee members has been cancelled, based on powers granted under Rule 11(3) of the Terms of Reference, 2013.

Additionally, the conditional renewal of the PSA’s licence, previously granted by the then-regulator, has been withdrawn.

The PSA failed to meet the renewal conditions within the given timeframe despite multiple notifications, leading to the immediate expiration of its licence.

The DGTO’s inquiry was initiated after receiving several complaints against the PSA.

Following the association’s response, a hearing was scheduled for October 10, 2023.

Secretary General Mohsin Shaukat’s absence from several hearings and failure to demonstrate financial transparency when he did appear further incriminated the association’s management practices.

The investigation revealed the secretary general as a “dummy” participant, directly involved in the PSA’s management, presenting a significant conflict of interest.

Attempts to engage with the PSA’s leadership for clarification on these matters were met with inadequate responses, including the failure to provide necessary documentation and meet annual reporting requirements.

This decisive regulatory action has been met with approval by professionals within the solar industry, who had expressed concerns over the PSA’s dominance and management.

The DGTO has recommended that the federal government officially cancel the licence of the now-defunct and non-compliant PSA.

 

3 COMMENTS

  1. HOW TO GET A GOOD HACKER TO RECOVER YOUR LOST BTC/ETH/USDT/ CYBER WIZARD RECOVERY PRO IS THE BEST AND RELIABLE.
     (Cyber wizzard recovery pro) Are highly recommended on the website they are able to carry out all the task within 24 hours, they also helps with: Binary Recovery, Files Recovery, Crypto investment, Password, Bypass / Recovery Malware Removal / Criminal Record Expunge, Blank ATM Card, Social Media Hack, Remote Mobile Monitoring & Hacking, Credit Repair and Private Key Reset. they are very good and reliable you can reach out to them if you are in need of service of a good hacker
    WhatsApp on +1, 601, 460, 9477
    email them on. cyberwizzard @ seznam . cz

  2. My husband and I lost $250,000 worth of Bitcoins and USDT to a fake cryptocurrency investment platform. A few months back, we saw an opportunity to invest in cryptocurrency to make huge profits from our investments. We contacted a broker online who was pretending to be an account manager for a Forex trading firm, we invested a huge part of our retirement savings and business money into this platform not realizing it was all a scam to steal away our money. After weeks of trying to withdraw, this broker continued to request more money until we were broke and in debt, it felt as if we are losing our life. Fortunately for us, we saw an article about CYBERPUNK we were not in a hurry to contact them but we did some research about their services and found out they could help us recover our money from these scammers, we contacted CYBERPUNK and in a space of 72 hours, CYBERPUNK was able to recover everything, this company did a through investigation with the information we provided them and ensured that every penny was returned to us, it felt so unreal how they were able to recover everything we have lost. We are truly grateful for the help of the CYBERPUNK and we are putting this out there to everyone who
    needs their services. EMAIL: ([email protected])

  3. Good day, everyone! i don’t want to terrify anyone, but the rise in cybercrime is concerning. i was duped by an investment fraud organization that promised a 100 percent return in a week. I realize it’s greedy, but it can happen to anyone. I failed to this scam and lost up to $385,000 worth of cryptocurrency i taught that i was dealing with the right team until i requested for my withdrawal after some weeks of my membership but the process got declined, i tried to contact the customer care system for help they rather ask that i deposit an extra $64,000 for maintenance fee and some tax fees after i already have a total of $385k,000 on hold, the whole situation got me really depressed and mad at a point that was when i got into looking out for a hacker who could be of help Luckily enough i came CYBERPUNK. ([email protected]), i emailed him and i explained the situation to him and he assured me to be of help, i trusted him and we got going and in less than 48hours i had all my funds back to my wallet, all thanks CYBERPUNK.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read