Category: Shortcode

The National Accountability Bureau (NAB) has initiated inquiry into irregularities in Thar-Coal water project. The Supreme Court had directed the accountability watchdog last year to investigate the corruption charges in the project. The NAB Karachi in a letter to the Secretary Sindh Irrigation Department has demanded record of the project. The NAB has asked about the record of the spending on the project and the authority that passed the bill. “All details of the amount and the names of the officers who had passed bills should be provided,” NAB letter…

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A large number of villagers staged a demonstration on Wednesday in protest against mining companies, accusing them of illegally appropriating over 9,000 acres land in their settlements for laying a pipeline from Nabisar to a reservoir in Weejhiar area within Thar coalfields without paying compensation to landowners. The protesters’ leaders complained to media persons that their land in 30 villages had been illegally occupied to lay pipeline for the water supply scheme. Neither the government functionaries concerned nor executives of the mining firms engaged in coal extraction and power production…

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The federal cabinet on Wednesday approved the decisions taken in the meeting of the Cabinet Committee on Privatization (CCoP) to hire a firm for giving Roosevelt Hotel in New York on lease. The Express Tribune had reported that the committee in its meeting held on Monday had asked the privatisation commission to appoint a financial adviser for leasing the hotel site. The government is stated to be considering a joint venture for a prospective mixed-use development of the site, which Pakistan owns. Finance Minister Ishaq Dar had chaired the CCoP…

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The federal cabinet Wednesday decided to expedite the process of consultation with all stakeholders, including the provincial governments to ensure the implementation of the energy saving plan. The federal cabinet meeting which was chaired by Prime Minister Shehbaz Sharif discussed the proposed energy saving plan presented by the Power Division. The meeting was briefed on the consultations conducted so far with the stakeholders. In this regard, the prime minister said that the consultation process with all the stakeholders, including the provincial governments, Azad Jammu and Kashmir and Gilgit-Baltistan governments should…

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Pakistan Institute of Development Economics’ Power Commission has asked the government to conduct a forensic audit of Independent Power Producers (IPPs) in the wake of alleged inflated and fraudulent charges secured from the national exchequer. The PIDE’s Power Commission on Tuesday launched a book titled “Power Sector: An Enigma with No Easy Solution” It stated forensic audit of both public and private generation companies should be conducted, followed by recoveries without any relaxation from IPPs. There should be no conditionalities for IPPs in the pipeline. In the future, no sovereign…

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