An ambassador-at-large is given special duties and not appointed to a particular country.
Siddiqui’s appointment as Pakistan’s ambassador to the United States in the previous government had been met with severe criticism from Pakistan Tehreek-i-Insaf, which was in the opposition at the time.
The party had said that Siddiqui did not have any prior experience regarding diplomatic missions and alleged that he had accountability cases pending against him.
Last year, Siddiqui had been summoned by the National Accountability Bureau in a case allegedly pertaining to him being the director of investment firm Azgard Nine Ltd, while it “siphoned off funds amounting to 23.758 million Euros in 2008 for the purchase of an Italian company, Monte Bello SRL, using a foreign company, Fairytal SRL, Sweden, which resulted in a loss to the company and its shareholders.”
According to NAB, a foreign company, Fairtal SRL, Sweden, was used for the deal, which suffered losses along with its shareholders. There are also allegations that the shares of a company named Agritech Limited were sold to various financial and government institutions at a price higher than the market rate to settle loan defaults. This resulted in a loss of Rs40 billion to various financial and government institutions.
In 2016, a Securities and Exchange Commission of Pakistan (SECP) report said that prices of Azgard Nine group’s shares were artificially increased from Rs24 to Rs70, and payments were also made to an unidentified party.
Punjab Information Minister Azma Bokhari's car was involved in an accident on Canal Road in…
Shoppers at the government-run Township Model Bazaar are now greeted by the gentle sounds of…
Amid a rising tide of anti-Muslim hate, Pakistan has renewed its call for an "action…
The Passing out parade of the 61st Batch was held here at Pakistan Marine Academy…
In Khyber-Pakhtunkhwa, a new scheme has been launched to provide interest-free loans to low-income individuals…
Punjab Information Minister Azma Bokhari has said deepfake videos are being used to malign women…
Leave a Comment