ISLAMABAD: In accordance with the State-Owned Enterprises (SOE) Act 2023, Pakistan State Oil’s (PSO) Board of Management (BoM) has implemented a stringent code of conduct aimed at curbing corrupt practices, accepting gifts, and leaking sensitive information, a senior Petroleum Division official informed The News.
All bureaucrats serving on the PSO board have signed the code, and violations could lead to legal action by the FIA or NAB, according to official documents.
The code ensures transparency, accountability, and good governance. It prohibits bribery, payoffs, and conflicts of interest, while enforcing strict confidentiality over insider information. Board members must comply with relevant laws, including the Companies Act 2017 and the Securities Act 2015.
Story by Khalid Mustafa
