AIRLINK 202.50 Decreased By ▼ -3.31 (-1.61%)
BOP 10.20 Decreased By ▼ -0.04 (-0.39%)
CNERGY 6.99 Decreased By ▼ -0.07 (-0.99%)
FCCL 34.50 Decreased By ▼ -0.16 (-0.46%)
FFL 17.30 Increased By ▲ 0.20 (1.17%)
FLYNG 24.89 Increased By ▲ 0.21 (0.85%)
HUBC 132.60 Increased By ▲ 1.42 (1.08%)
HUMNL 14.00 Increased By ▲ 0.02 (0.14%)
KEL 4.85 Decreased By ▼ -0.06 (-1.22%)
KOSM 6.80 Decreased By ▼ -0.01 (-0.15%)
MLCF 43.60 Decreased By ▼ -0.74 (-1.67%)
OGDC 220.51 Decreased By ▼ -1.26 (-0.57%)
PACE 7.19 Decreased By ▼ -0.03 (-0.42%)
PAEL 42.16 Decreased By ▼ -0.53 (-1.24%)
PIAHCLA 17.07 Decreased By ▼ -0.06 (-0.35%)
PIBTL 8.66 Increased By ▲ 0.24 (2.85%)
POWER 9.11 Increased By ▲ 0.02 (0.22%)
PPL 189.68 Decreased By ▼ -1.18 (-0.62%)
PRL 43.00 Decreased By ▼ -0.49 (-1.13%)
PTC 25.40 Increased By ▲ 0.61 (2.46%)
SEARL 102.68 Increased By ▲ 0.02 (0.02%)
SILK 1.02 No Change ▼ 0.00 (0%)
SSGC 42.95 Increased By ▲ 0.21 (0.49%)
SYM 18.15 Decreased By ▼ -0.25 (-1.36%)
TELE 9.17 Decreased By ▼ -0.09 (-0.97%)
TPLP 13.06 Decreased By ▼ -0.09 (-0.68%)
TRG 67.75 Decreased By ▼ -1.03 (-1.5%)
WAVESAPP 10.36 Decreased By ▼ -0.06 (-0.58%)
WTL 1.86 Increased By ▲ 0.06 (3.33%)
YOUW 4.25 Increased By ▲ 0.25 (6.25%)
BR100 12,059 Increased By 25.1 (0.21%)
BR30 36,833 Increased By 56 (0.15%)
KSE100 114,396 Decreased By -99.8 (-0.09%)
KSE30 36,002 Decreased By -1.3 (-0%)

Prime Minister Shaukat Aziz has directed the Auditors General of Pakistan not to entertain any bill for payment where integrity pact has not been signed. Provincial governments have also been requested to adopt the policy of including the integrity clause for similar procurements/contracts.
These measures are aimed at eliminating corrupt practices in public sector procurements and would help in reducing the cost of purchases/services. The Prime Minister directed that under this integrity clause the seller/supplier had to declare intention not to obtain or induce the procurement of any contract, right, interest, privilege or other obligations or benefit from the government through any corrupt business practice.
The seller/supplier under this clause is required to disclose that it has fully declared the brokerage, commission, fees, etc, paid or payable to any one and not given or agreed to give and shall not give to anyone within or outside Pakistan either directly or indirectly through any natural or juridical person, including its affiliate, agent, associates, broker, consultant, director, promoter, shareholder, sponsor all subsidiary, any commission, gratification, bribe, finder's fee or kickback whether described as consultation fee or otherwise, with the object of obtaining or including the procurement of contract, right, interests privilege obligations in whatsoever form the government.
The seller/supplier also certifies it has made and will make full disclosure of all agreements and arrangements with all persons in respect of or related to the transaction with the government and has not taken any action or will not take any action and accepts full responsibility and strict liability for making any false declaration, not making full disclosure, misrepresenting facts or taking any action, which would likely to defeat the purpose of this declaration, representation and warranty.-PR

Copyright Business Recorder, 2006

Comments

Comments are closed.