PASI Board of Directors reviews performance

MUSCAT: The Board of Directors of the Public Authority for Social Insurance (PASI) on Sunday held its second meeting for 2018 at its headquarters at Bausher under the chairmanship of Shaikh Abdullah bin Nasser a Bakri, Minister of Manpower. The PASI Board approved the audited financial statements for the fiscal year ended on December 31, 2017. The Board also appointed the external auditor for the fiscal year ending December 31. As for the investment side, the PASI Board reviewed the performance of the authority’s local and foreign investments for 2017 which generated good revenues despite the fluctuation of the capital markets during the past period. Further, the PASI board also reviewed a number of reports that were raised by the executive management, in addition to a number of administrative circulars that the board took necessary decisions on. — ONA