Muscat, The board of directors of the Public Authority for Social Insurance (PASI) held its second meeting of the year today under the chairmanship of Dr. Mahad Said Ba’Owain, Minister of Labour, Chairman of PASI.

The board of directors commended the efficiency of its executive institution which, it said, has been able to deliver excellent performance levels, some of which surpassed goals set the first executive milestone within Oman Vision 2040.

The board also reviewed PASI’s financial position as of 31 December 2020, noting that it reflected a good level of stability and balance between income and expenses, as per standard criteria. In turn, this reflected positively on the rate of growth of the Authority’s assets, said the PASI board.

In comments about investments, the board expressed satisfaction about notable results achieved by the PASI over the past year, despite circumstances that impinged global economic markets under the twin impacts of Covid-19 and the slump in international oil prices. The PASI’s investment revenues last year constitute the highest returns since its inception, the board concluded.

Source: Oman News Agency