In a bombshell development, Special Assistant to the Prime Minister on Information and Broadcasting Lt Gen (r) Asim Saleem Bajwa announced on Thursday he has decided to step down from his position as the premier’s aide. Talking to a private news channel, Lt Gen Bajwa said he would hand in his resignation to the prime minister today (Friday) and request him to relieve him of his duties as his aide. He said that he will continue his work as chairman of the China-Pakistan Economic Corridor (CPEC) Authority. Lt Gen Bajwa said that the premier’s priority is CPEC “and I believe as well that this project is the country’s future”. “I hope that the prime minister will allow me to concentrate all my focus on CPEC,” he added. The announcement of his decision to resign as the premier’s aide comes on the heels of a strong rebuttal to allegations raised against him in news broken on an “unknown website” on August 27 by journalist Ahmed Noorani. Lt Gen Bajwa on Thursday “vehemently denied as incorrect and false” all allegations. The four-page rebuttal to the accusations was posted to Twitter by Lt Gen Bajwa, along with the following statement: “I strongly rebut the baseless allegations levelled against me and my family. Alhamdolillah another attempt to damage our reputation belied/exposed. I have and will always serve Pakistan with pride and dignity.” The premier’s aide said that he has “not shied away to explain the allegations shamelessly levelled” against him. “These allegations have been hurled at me to tarnish my image,” he said. The rebuttal noted that the news has alleged as follows: – my declaration of assets and liabilities as an SAPM in the Federal Government dated 22.06.2020 is incorrect because I have failed to disclose the investment of my wife abroad; – my brothers have conducted businesses in the USA and their growth of business is relatable to my promotion in the Pakistan Army; – random mention has been made of companies, businesses and properties, owned by my brothers and children, with sweeping allegations regarding their evaluation and propriety. “All the adverse insinuations leveled in the news item in question so also the aspects mentioned in the para 2 above, are materially false,” Lt Gen Bajwa said. He said that the allegation that his declaration of assets and liabilities dated June 22 suffers from omission of the investment of his wife abroad, is “materially false”. Lt Gen Bajwa said that when the declaration was filed, his wife was “no longer an investor or shareholder in any business” belonging to his brothers or anyone else abroad. “My wife had disinvested all her interests as at 01.06.2020 in any entity abroad and such fact has been duly documented in the official records in the USA,” he said, adding that the company registered in the SECP in Pakistan was Liaison Office of the companies in the USA. “”[…] If one were to look at the actual figures the inescapable conclusion would be that the news item has been spread with a view to malign my reputation,” he said. Lt Gen Bajwa said that between 2002 and 2020 the total out of pocket investment made by his wife in the companies of his brothers in the US has been $19,492. “This investment was made by my wife through my savings spread over a period of eighteen years, all of which are fully accounted for,” he said. He said that Bajco Global Management, LLC has no propriety interests in the UAE and in US pizza chain Papa Johns. He also said that the author has falsely claimed that Bajco owns 99 companies. Referring to his brothers’ investments, he said that from 2002 till date, his brothers purchased assets “to the tune of $70 million, out of which around $60 million were through bank loans and financial facilities”. “Over a period of eighteen years the actual out of pocket cash investment into the said businesses by my brothers and wife has been about US$73,950,” he said. Lt Gen Bajwa said the “total out of pocket cash contribution of my five brothers, over a period of eighteen years, has been US$54,458” which is “fully accounted for and relatable to their own sources and resources”.