Home Business OMCs search an finish to ongoing ‘witch-hunt’

OMCs search an finish to ongoing ‘witch-hunt’

by News Updater

ISLAMABAD: The Oil Advertising Affiliation Pakistan (OMAP) on Tuesday known as for an finish to the witch-hunt of the oil advertising firms (OMCs) saying it was more and more turning into troublesome for them to function beneath the present circumstances.

OMAP Chief Govt Officer Dr Ilyas Fazil in a letter to Vitality Minister Hammad Azhar appealed for an finish to the spate of inquiries in opposition to the OMCs within the wake of the June 2020 Petrol Disaster Fee’s report.

“This sector is the most important one to keep the wheels of the economy turning and must therefore be acknowledged as such and not subjected to the ongoing witch-hunt it is facing that is consuming thousands of man-hours in providing information to the FIA,” Dr Fazil mentioned in his letter, in response to an OMAP press launch.

The Petrol Disaster Fee in its report introduced to the federal government final December had held some gamers within the petroleum sector accountable for the abrupt countrywide scarcity. Nonetheless, as an alternative of fixing the issues recognized within the report, the federal government companies have launched inquiries in opposition to all OMCs throughout the board and are in search of knowledge, which doesn’t even relate to final yr’s disaster.

Dr Fazil mentioned that vital quantity of knowledge had already been offered to the federal government companies final yr in the course of the FIA inquiry in addition to the Lahore Excessive Courtroom’s public curiosity litigation. “Not only is the same information being again sought but also information going back to two decades which has no relevance to the continuing inquiry.”

Moreover, sending a destructive sign to the present and potential future buyers, Mr Fazil mentioned, it was additionally adversely impacting the work of the regulators — Ministry of Vitality (Petroleum Division) and Oil and Fuel Regulatory Authority.

Printed in Daybreak, July 21st, 2021

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