Jawaid Siddiqui hired as CEO Pakistan Railway Freight Transportation Company

ISLAMABAD: The Federal Cupboard has appointed Jawaid Ahmed Siddiqui as Leader Government Officer (CEO) of Pakistan Railway Freight Transportation Corporate (PRFTC) at a “hefty” bundle, well-informed resources advised Trade Recorder.

Siddiqui has been related to the Marine Staff for over a decade in best managerial positions this is taking part within the outsourcing of freight wagons through Pakistan Railways. He has additionally attended such conferences for the Staff.

On July 13, 2021, Ministry Railways apprised the Cupboard that the PRFTC is a subsidiary of Ministry of Railways and is included as a Personal Restricted Corporate in December 2014 beneath Corporations Ordinance, 1984. The Corporate used to be established for sporting out the aim of making plans, designing, working and managing the operations of freight transportation.

Being a public sector corporate, PRFTC is being run beneath a Board of Administrators with Secretary/ Chairman Railways as Chairman. The chief head of the corporate is the Leader Government Officer.

In the past, the CEOs have been being most often appointed from among serving BS-20/2L Officials of Pakistan Railways.

Not too long ago, the Board of PRFTC made up our minds to fill the placement of CEO from the open marketplace on a aggressive foundation to make the corporate extra environment friendly and colourful with a purpose to compete with the non-public sector firms in a befitting way vide its Answer No. 10. Accordingly, packages have been invited from the marketplace via commercials in print media. 40 packages have been gained, out of which fourteen (14) applicants have been to begin with shortlisted at the foundation of ToRs of the placement through the scrutiny committee constituted with the approval of Secretary/Chairman Railways.

A Variety Committee used to be constituted with the approval of Secretary/Chairman Railways to assist the Board in choice of CEO. The Variety Committee interviewed the applicants on 01-04-2021 as in step with Are compatible and Right kind Standards prescribed beneath Agenda-Il of the SECP Tips 2015.

The Variety Committee got here up with the panel of the next 3 applicants so as of benefit: (i) Jawaid Ahmed Siddiqui (first); (ii) Shamshad Ali Khan (2d); and (iii) Nisar Ahmad Memon (3rd).

A gathering of the Board of Administrators of PRFTC used to be hung on April 21, 2021 to imagine the panel for the placement of CEO, PRFTC for approval/endorsement. After an in depth dialogue, the Board unanimously recommended the panel so as of benefit for appointment of one in every of them as CEO through the competent discussion board i.e., the Federal Govt. The wage construction for the placement of CEO, PRFTC used to be duly authorized through the Board.

Copyright Trade Recorder, 2021

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