The federal government has formally approved the appointment of Rashid Mahmood Langrial, a Grade 22 senior officer from the Pakistan Administrative Service, as a new member of the Pak Arab Refinery Limited (PARCO) board. This significant decision places the current FBR Chairman on the PARCO Board, a move that draws considerable attention and scrutiny.
Furthermore, Langrial’s nomination comes as he replaces Momin Agha, who previously served as Secretary Petroleum. Agha was recently removed from his government position and had been serving as Chairman of the PARCO Board before this change, prompting this key reshuffle.
Governance Concerns with FBR Chairman on PARCO Board
Rashid Mahmood Langrial currently holds the influential position of Chairman for the Federal Board of Revenue (FBR). Consequently, his role carries substantial authority over Pakistan’s taxation and revenue policies. His appointment to the PARCO board represents a critical development, linking a top tax official with a major refinery operation.
Perks and Potential Conflict of Interest for Board Members
Sources indicate that PARCO board members receive their meeting fees in US dollars. Moreover, they are provided with return air tickets to Dubai and accommodation for attending board meetings, highlighting a generous compensation structure for their service.
However, significant governance concerns are emerging. Sources further reveal that tax cases, amounting to billions of rupees and involving PARCO, are currently pending with the Federal Board of Revenue. The direct presence of the FBR Chairman on the board consequently raises profound questions regarding potential conflicts of interest and the transparency of government appointments.
Who Else Serves on the PARCO Board?
In addition to Rashid Mahmood Langrial, other prominent members serving on the PARCO board include:
- Imdadullah Bosal (Secretary Finance)
- Dr. Jahanzeb
- Ahad Cheema
This composition emphasizes the blend of government officials and industry experts guiding one of Pakistan’s vital enterprises.
