BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)

ISLAMABAD: The Islamabad High Court (IHC) on Thursday disposed of a plea seeking early disposal of National Accountability Bureau’s (NAB) appeal against the acquittal of former finance minister Shaukat Tarin in the Rental Power Projects (RPPs) case.

A two-member bench of IHC comprising Justice Aamer Farooq and Justice Tariq Mahmood Jahangiri heard the application moved by Tarin and disposed of the same after hearing his counsel’s arguments.

During the hearing, Tarin’s lawyer argued that an accountability court acquitted former prime minister Pervez Ashraf and other accused. A total of seven accused were acquitted in the Piraghaib and Sahiwal Rental Power references, he added.

The counsel further said Shaukat Tarin is a member of the prime minister’s Economic Advisory Council and requested the court to dispose of the NAB appeal against his client’s acquittal at the earliest.

At this, Justice Farooq said early hearing of the appeal is not possible due to SOPs put in place in light of the recent rise in Covid-19 infections in the federal capital.

The court disposed of the plea and adjourned further hearing of the case for an indefinite period.

Tarin is accused of approving the RPPs contracts.

The accountability watchdog had filed the case in 2014 against Raja Pervez Ashraf, Tarin, former federal secretaries Ismail Qureshi and Shahid Rafi, former managing director of the Pakistan Electric Power Company (Pepco) Tahir Basharat Cheema and directors of Pepco Razi Abbas, Wazir Ali Bhaio, Saleem Arif, Abdul Qadeer Khan, and Iqbal Ali Shah. The accused were charged with allegedly misusing Rs6.1 million, the amount paid as legal fees and Tarin was one of the accused in the case. In 2009, the then opposition Pakistan Muslim League-Nawaz filed the RPPs case in the Supreme Court. The Supreme Court declared the RPPs as illegal and void ab initio because of alleged wrongdoing in the award of RPPs’ contracts, including huge mobilisation advance and expensive upfront tariffs.

Copyright Business Recorder, 2021

Comments

Comments are closed for this article.