AIRLINK 73.53 Decreased By ▼ -2.17 (-2.87%)
BOP 4.67 Decreased By ▼ -0.05 (-1.06%)
CNERGY 4.01 Decreased By ▼ -0.09 (-2.2%)
DFML 36.09 Decreased By ▼ -3.33 (-8.45%)
DGKC 86.55 Decreased By ▼ -2.05 (-2.31%)
FCCL 21.98 Decreased By ▼ -0.62 (-2.74%)
FFBL 30.01 Decreased By ▼ -0.39 (-1.28%)
FFL 9.18 Decreased By ▼ -0.04 (-0.43%)
GGL 9.86 Decreased By ▼ -0.16 (-1.6%)
HASCOL 6.25 Increased By ▲ 0.20 (3.31%)
HBL 105.01 Decreased By ▼ -0.24 (-0.23%)
HUBC 137.45 Decreased By ▼ -0.79 (-0.57%)
HUMNL 10.75 No Change ▼ 0.00 (0%)
KEL 4.49 Decreased By ▼ -0.14 (-3.02%)
KOSM 3.99 Decreased By ▼ -0.25 (-5.9%)
MLCF 36.70 Decreased By ▼ -1.26 (-3.32%)
OGDC 119.40 Decreased By ▼ -2.00 (-1.65%)
PAEL 23.97 Decreased By ▼ -0.43 (-1.76%)
PIBTL 6.05 Decreased By ▼ -0.13 (-2.1%)
PPL 112.50 Increased By ▲ 0.15 (0.13%)
PRL 22.81 Decreased By ▼ -0.62 (-2.65%)
PTC 11.90 Decreased By ▼ -0.66 (-5.25%)
SEARL 58.40 Decreased By ▼ -0.30 (-0.51%)
SNGP 61.11 Decreased By ▼ -0.44 (-0.71%)
SSGC 9.65 Decreased By ▼ -0.19 (-1.93%)
TELE 7.55 Decreased By ▼ -0.27 (-3.45%)
TPLP 9.54 Decreased By ▼ -0.26 (-2.65%)
TRG 63.10 Decreased By ▼ -1.09 (-1.7%)
UNITY 26.80 No Change ▼ 0.00 (0%)
WTL 1.29 Decreased By ▼ -0.06 (-4.44%)
BR100 7,566 Decreased By -60.2 (-0.79%)
BR30 24,087 Decreased By -272.5 (-1.12%)
KSE100 72,589 Decreased By -663.1 (-0.91%)
KSE30 23,137 Decreased By -263.6 (-1.13%)

Pakistan Peoples Party (PPP) Friday filed an application in the National Accountability Bureau (NAB) against the award of a contract for construction of Mohmand Dam won by a joint venture of CGGC-Descon in which a sitting cabinet member has ownership stakes.
PPP Rawalpindi President Chaudhry Zaheer Mehmood filed the petition against Advisor to Prime Minister on Commerce, Abdul Razzak Dawood and others under the section 18 of the National Accountability Ordinance (NAO) 1999.
On January 2, the government announced that the contract for Rs 309 billion Mohmand Dam was awarded to a consortium led by Descon, a company formerly owned by Adviser to the Prime Minister on Commerce Abdul Razzak Dawood, on a single-bid basis.
Mehmood in his petition to the NAB stated that the accused is advisor to prime minister in terms of the article 93 of Constitution 1973 and participates in the proceedings of the Parliament.
The award of the contract to Descon and others amount to conflict of interest and is against the law and procedure, the petition further said.
The petition alleged that FWO-led consortium's technical bid was found unqualified.
Thus the single bid was accepted and the contract was awarded to the consortium which included Descon, adding that award of contract for construction of Mohmand Dam raises questions of transparency and fairness.
It said that Dawood had committed an offence under the Section 9 of the NAO 1999, which is punishable under the section 10 of the NAO ordinance.
The petitioner requested that proceedings under the NAB ordinance 1999 be initiated and reference be filed in the Accountability Court for adjudication.

Copyright Business Recorder, 2019

Comments

Comments are closed.