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.
Bushra Bibi, the wife of former prime minister and PTI founder Imran Khan, clarified her…
The National Electric Power Regulatory Authority (NEPRA) on Friday approved the Winter Package proposed by…
Prime Minister Shehbaz Sharif on Friday stressing the strategic importance of maritime security said Pakistan…
The Punjab government has officially launched a free solar panel scheme, aiming to provide 100,000…
Sindh Chief Minister Syed Murad Ali Shah has issued detailed guidelines for the preparation of…
In a major breakthrough on Champions Trophy 2025, the International Cricket Council (ICC) and the…
Leave a Comment