AGL 38.55 Decreased By ▼ -1.03 (-2.6%)
AIRLINK 128.31 Decreased By ▼ -2.91 (-2.22%)
BOP 7.02 Increased By ▲ 0.21 (3.08%)
CNERGY 4.56 Decreased By ▼ -0.15 (-3.18%)
DCL 8.20 Decreased By ▼ -0.24 (-2.84%)
DFML 39.75 Decreased By ▼ -1.72 (-4.15%)
DGKC 79.40 Decreased By ▼ -2.69 (-3.28%)
FCCL 31.89 Decreased By ▼ -1.21 (-3.66%)
FFBL 71.49 Decreased By ▼ -1.38 (-1.89%)
FFL 12.29 Increased By ▲ 0.03 (0.24%)
HUBC 108.84 Decreased By ▼ -1.90 (-1.72%)
HUMNL 13.65 Decreased By ▼ -0.86 (-5.93%)
KEL 4.95 Decreased By ▼ -0.24 (-4.62%)
KOSM 7.55 Decreased By ▼ -0.06 (-0.79%)
MLCF 37.56 Decreased By ▼ -1.34 (-3.44%)
NBP 68.40 Increased By ▲ 4.39 (6.86%)
OGDC 188.48 Decreased By ▼ -4.34 (-2.25%)
PAEL 24.93 Decreased By ▼ -0.75 (-2.92%)
PIBTL 7.29 Decreased By ▼ -0.05 (-0.68%)
PPL 148.50 Decreased By ▼ -5.57 (-3.62%)
PRL 24.76 Decreased By ▼ -1.07 (-4.14%)
PTC 17.00 Decreased By ▼ -0.81 (-4.55%)
SEARL 79.99 Decreased By ▼ -2.31 (-2.81%)
TELE 7.44 Decreased By ▼ -0.32 (-4.12%)
TOMCL 32.70 Decreased By ▼ -0.76 (-2.27%)
TPLP 8.24 Decreased By ▼ -0.25 (-2.94%)
TREET 16.75 Increased By ▲ 0.13 (0.78%)
TRG 56.60 Decreased By ▼ -0.80 (-1.39%)
UNITY 28.08 Increased By ▲ 0.57 (2.07%)
WTL 1.32 Decreased By ▼ -0.05 (-3.65%)
BR100 10,378 Decreased By -126.9 (-1.21%)
BR30 30,539 Decreased By -687.3 (-2.2%)
KSE100 97,125 Decreased By -954.3 (-0.97%)
KSE30 30,277 Decreased By -281.5 (-0.92%)

The finance ministry has directed all the ministries to strictly adhere to the Pakistan Procurement Regulatory Authority rules, 2004 after the World Bank smelled a rat in the bidding process of power transformers, official sources told Business Recorder.
The World Bank has also sought interpretation and application of the Statutory Regulatory Order (SRO) 827(1) 2001, along with amendment of September 28, 2002, in which all the ministries and divisions were directed to prefer procurement of components from local companies as compared to foreign companies.
"The bank is seeking some clarifications in the Commerce Ministry''s SRO, as well as a review and investigation of wrongdoings committed by the power distribution companies in procurement of components funded by the bank," the sources added.
The sources said the WB country director Yusupha Crookes met the secretary finance on December 13 and raised his serious concerns over violation of procurement rules by the government departments, especially power sector companies. The finance ministry has taken up the matter with the ministry of water and power once again reminding them of the WB''s concern.
"The bank has sought report on Discos procurement," the sources quoted Joint Secretary Corporate Finance, Tahawwar Ahmad as saying in a letter, seeking details of actions taken so far to implement the directives of the finance ministry. All other ministries and divisions have been asked to observe transparency in procurement and adherence to the PPRA Rules 2004, the sources added.

Copyright Business Recorder, 2008

Comments

Comments are closed.