Staff Report
ISLAMABAD: The Board of Directors (BoD) of the National Transmission & Despatch Company Limited (NTDC) has unanimously approved the termination of the employment agreement of Manzoor Ahmad as Deputy Managing Director (DMD) of NTDC.
The BoD of NTDC in its 247th meeting held on 31-05-2023 against agenda item No. 06 has unanimously resolved and approved that, effective immediately, terminate the service of Manzoor Ahmad as DMD (AD&M) NTDC, without cause, in accordance with clause 12.1.1 of the employment agreement dated 30-04-2022. Moreover, the Board approved the payment of salary in lieu of notice period, said an official notification issued by the NTDC Company Secretary on May 31, 2023.
According to sources, the NTDC board has granted Manzoor Ahmad three months’ salary as compensation for the notice period, amounting to Rs 5,400,000 or Rs 5.4 million. This extended notice period is deemed unusual compared to the standard practice of one to two months in national and international companies, said sources.
They added that the NTDC board’s decision to terminate Manzoor Ahmad’s employment has come in the wake of NTDC board’ impending dissolution, expected to occur by September 2023.
Earlier, Senate Standing Committee on Power presided over by Senator Saifullah Abro had urged Power Division to remove two Deputy Managing Directors of National Transmission and Despatch (NTDC), Zain Banatwala and Manzoor Ahmed immediately as their appointments are “dubious”.
Taking notice of Manzoor Ahmed’s presence in NTDC at a massive remuneration of Rs 1.8 million per month, chairman Standing Committee expressed his displeasure at the Power Division for not removing Mazoor and Zain Banatwala.
