China blacklists Yabeat Company: allegations levelled against me proved baseless, says Shahbaz

Punjab Chief Minister Shahbaz Sharif said on Thursday that Yabeat Company of China which levelled allegation against him has been blacklisted by the government of China. "I was accused of transferring Rs 1.75 billion from Multan Metro Project to my account in China.
The officers of Security and Exchange Commission of Pakistan, who gave wrong information, will be held accountable. The PTI people were also involved in levelling this allegation," he said, adding: "The Chinese government has not only blacklisted Yabeat but fined it heavily after realizing its claim as wrong."
After the blacklisting of Chinese company, the respect and prestige of Pakistani people have been augmented and the allegations levelled against him have proved baseless. "It is not my innocence but an honor for the whole nation and a matter of pride for us," Shahbaz said while addressing a ceremony in Model Town on the completion of project of changing 105 tube wells in Lahore in collaboration with JICA for providing clean drinking water to the masses.
Shahbaz said that during the last nine years, the Punjab government has given particular attention to the issue of providing clean drinking water to the people besides the provision of health, education and other civic amenities of life to the people. "Clean drinking water is the basic right of every citizen," he said.
Provincial Ministers Kh Imran Nazir, Mujtaba Shuja ur Rehman, Malik Nadeem Kamran, Spokesman Punjab government Malik Ahmed Khan, PML-N Leader Kh Ahmed Hasaan, Japanese Ambassador to Pakistan Takashi Kurai, Chief Secretary and other high officials were present on the occasion.
Addressing the ceremony, the Chief Minister said that a clean drinking water supply scheme has been completed with a cost of Rs 13 billion in Faisalabad and disclosed that another scheme worth Rs 14 billion is being launched soon. Replying to different questions put forth by the media, Shahbaz said that Chief Justice of Pakistan has visited Mayo Hospital and they welcomed him. "All the people including politicians, judges, generals and traders have to strengthen Pakistan collectively," he said.
Replying to another question, he said the Punjab government utilized its resources for completing the metro projects in Lahore, Rawalpindi-Islamabad and Multan. It has spent Rs 42 billion on Rawalpindi Metro Bus Project while another amount of Rs 20 billion has been spent on Multan Metro Bus Project. Contrary to that, the KPK government has taken loan from the Asian Development Bank for its metro bus project, he added.
Answering another question, he said that first IT University of the country is going to be completed soon in Rahim Yar Khan. Similarly, dual carriageway is being constructed from Khanewal to Lodhran with a cost of Rs 24 billion and Rs 15 billion have been allocated for Muzaffargarh-DG Khan Road.
To another question, he said there are certain people who plundered the hard-earned money of the poor people. The detail of dacoity worth billions of rupees made in NICL, ORGA and EOBI institutions is well known to people. The accused have recorded a statement in the NAB that they are ready to return the booty but till date the NAB has taken no action.