http://www.thenews.com.pk/updates.asp?id=53833
PSO MD, Amin Siddiqui resigns
Updated at: 1520 PST, Monday, September 01, 2008
KARACHI: Pakistan State Oil (PSO) MD, Amin Sidiqui has resigned from his post on being pressurized for continuing oil supply to the government and some other organizations, despite non-payments.
Sources told Geo News that PSO has outstanding amounts of Rs75 billion against different government organizations on account of oil supply, which included an outstanding of Rs20 billion against Hubco, Rs8 billion against Pepco, while PIA owes Rs8 billion to PSO. Sources said that PSO was being pressurized to continue its oil supply uninterrupted to these organizations, despite persistent non-payments, which sparked PSO MD, Amin Siddiqui’s resignation from his post.
