The Chairman of the committee also asked for providing career record of newly appointed CEO NICL
Rafia Shah and details of perks and privileges being provided to her.
Well-informed sources told this scribe that NICL
board has accepted the resignation of Jamil Akhtar Khan on December 13, 2017.
On orders of SC, NAB started probing former chairman NICL
, Ayaz Khan Niazi and JS investments but JS investment had taken stay order from SHC.
Earlier during the suo moto case, the auditor general for Pakistan identified a loss of over Rs255 million caused to the NICL
by the JS Investments.
The official documents placed in Senate disclosed that salary of officers and other staff members of NICL
was increased by 30 percent without obtaining approval from finance ministry.
Pakistan is committed under the IMF condition to put the NICL
on the privatization list by divesting its shares in the coming financial year.
Tariq Iqbal Puri, Chief Executive Officer of Trade Development Authority of Pakistan, has been assigned additional charge of NICL
processes at least 520,000 requisitions and more than 940,000 ordered tests.
Syed Qamaruzzaman Shah, the Chairman of Sindh Chamber of Agriculture is happy over the NICL
crop insurance scheme with a premium of 1.
Given their common parent company's minimal dividend requirements, both NAGICO and NICL
have been able to enhance capitalization through the retention of earnings.
A number of unit-holders purchased units of the Fund, including NICL
, after reading and agreeing with the risks and restrictions of the Fund defined in the Offering Document approved by the SECP.
He has also been member of the Board of Directors of SLIC NICL