PASI board discusses investment proposals

MUSCAT: The Board of Directors of the Public Authority for Social Insurance (PASI) held its fourth meeting for 2018 at its headquarters under the chairmanship of Shaikh Abdullah bin Nasser al Bakri, Minister of Manpower, Chairman of the PASI Board of Directors. The PASI Board reviewed several proposals related to investment in various local and foreign assets. It also agreed to complete the procedures for investment in these assets in accordance with the proposed quotas by the Investment Committee, which comes as part the PASI plans to expand its investment activity geographically and sectorally in line with the objectives and plans to achieve good returns with the least amount of risk.
The Board continued it discussions of the situation of Omanis working in some establishments. It also discussed the proposed treatments for the extension of their service periods. The Board also reviewed some requests related to the approved project budgets in the second stage of the Strategic Plan (2016-2020). The PASI Board discussed several requests related to organising the administrative work in the Authority. — ONA