PSM Chairman M. A. Jabbar removed from his post

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Pakistan Steel Mills Chairman M. A. Jabbar removed from his post, as revealed by sources.

Ministry of Industries and Production removed Pakistan Steel Mills or PSM Chairman from the post. According to sources, the  official of the production ministry revealed that the notification to withdraw Engineer M. A. Jabbar from his board membership was issued with formal approval of the Cabinet Division.

He alleged that the notification was issued on directives of Adviser to Prime Minister on Commerce and Industries Abdul Razak Dawood. However, Mr Dawood refused to comment on Dawn’s query over the removal procedure used to sack Mr Jabbar.

The Public Sector Companies (Corporate Governance) Rules, 2013 have provided a set of rules and regulations governing removal of director from any given board. Under the law, the director must be issued notices prior to his removal; however in this case, the ministry official cited the clause of ‘making public statements without authorisation by the board’ as the justification for Mr Jabbar’ removal.

On the other hand, talking to Dawn, Mr Jabbar said he had given statements to the Senate’s Standing Committee on Industries and Production headed by Senator Ahmed Khan during their visit to the PSM.

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