To which, the court declared the co-accused an absconder, ordered permanent arrest warrants for him, put his name in the Exit Control List and blocked his Computerised National Identity Card (CNIC). After issuing directives to all the accused persons to appear before the court during the next date of hearing the judge adjourned the matter till June 30.\ It is pertinent to mention that the NAB Rawalpindi filed the reference in an accountability court in Islamabad claiming that Murad Shad had issued funds for power projects in Sindh in violation of rules and regulations that billions of rupees were embezzled in the Nooriabad Power Company and Sindh Transmission and Dispatch Company projects. The Nooriabad Power Project was originally envisaged by the Sindh government in 2012 but could not materialise then due to “red-tapism and delays in regulatory approvals”. The project was finally launched in August 2014 under a public-private partnership at a cost of Rs13 billion in which the Sindh government held 49% shares and a private company owned 51%. A 95-km-long, 132kV double-circuit transmission line was laid from Nooriabad to Karachi at a cost of Rs1.95 billion. Shah was an adviser to then Sindh chief minister of finance and energy at the time. It was alleged that the procedure had caused a loss of $16 million to the national exchequer.
Leopards never change their spots. It was widely assumed that an extraordinarily humbling election performance…
Out of the world's 199 passports, Pakistan, for the fourth year in a row, saw…
Pakistan stands at a pivotal moment in its history, grappling with a multitude of economic,…
The phenomenon of immigration has existed for as long as human history, always driven by…
In the complex and often tumultuous political landscape of Pakistan, few figures have stirred the…
Leave a Comment