AIRLINK 193.56 Decreased By ▼ -1.27 (-0.65%)
BOP 9.95 Increased By ▲ 0.14 (1.43%)
CNERGY 7.93 Increased By ▲ 0.57 (7.74%)
FCCL 40.65 Increased By ▲ 2.07 (5.37%)
FFL 16.86 Increased By ▲ 0.41 (2.49%)
FLYNG 27.75 Increased By ▲ 0.21 (0.76%)
HUBC 132.58 Increased By ▲ 0.83 (0.63%)
HUMNL 13.89 Increased By ▲ 0.03 (0.22%)
KEL 4.60 Decreased By ▼ -0.06 (-1.29%)
KOSM 6.62 Decreased By ▼ -0.04 (-0.6%)
MLCF 47.60 Increased By ▲ 2.21 (4.87%)
OGDC 213.91 Decreased By ▼ -0.08 (-0.04%)
PACE 6.93 Increased By ▲ 0.07 (1.02%)
PAEL 41.24 Increased By ▲ 1.18 (2.95%)
PIAHCLA 17.15 Increased By ▲ 0.36 (2.14%)
PIBTL 8.41 Increased By ▲ 0.09 (1.08%)
POWER 9.64 Increased By ▲ 0.21 (2.23%)
PPL 182.35 Increased By ▲ 0.16 (0.09%)
PRL 41.96 Increased By ▲ 0.13 (0.31%)
PTC 24.90 Increased By ▲ 0.34 (1.38%)
SEARL 106.84 Increased By ▲ 4.31 (4.2%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 40.10 Increased By ▲ 0.66 (1.67%)
SYM 17.47 Increased By ▲ 0.14 (0.81%)
TELE 8.84 Increased By ▲ 0.08 (0.91%)
TPLP 12.75 No Change ▼ 0.00 (0%)
TRG 66.95 Increased By ▲ 1.55 (2.37%)
WAVESAPP 11.33 Increased By ▲ 0.22 (1.98%)
WTL 1.79 Increased By ▲ 0.09 (5.29%)
YOUW 4.07 Increased By ▲ 0.13 (3.3%)
BR100 12,045 Increased By 70.8 (0.59%)
BR30 36,580 Increased By 433.6 (1.2%)
KSE100 114,038 Increased By 594.4 (0.52%)
KSE30 35,794 Increased By 159 (0.45%)

The Accountability Court hearing Reshma Rental Power Plant (RPP) and the Gulf Power Generation Company (Ltd) cases against former prime minister Raja Pervez Ashraf and others on Thursday sought reply from the National Accountability Bureau (NAB) on acquittal applications filed by different accused under the NAB Amendment Ordinance 2019.

The Accountability Court judge, Azam Khan, while hearing the case against Ashraf and others sought reply from the NAB about the acquittal applications. The NAB prosecutor, Usman Masood, and defence counsel Arshad Tabraiz appeared before the court.

The defence counsel filed acquittal plea under the NAB Amendment Ordinance 2019 on behalf of Fazal Ahmad, Abdul Majid Khan, NA Zubairi, and Ghulam Mustafa Tunio, accused in reference number 05/2017. The same accused also filed acquittal application through their counsel in reference number 14/2017.

The court sought reply from the NAB and adjourned the case till March 16. The PPP leader, Raja Pervez Ashraf, is accused of misusing his authority during his tenure as federal minister for water and power to get approval from the Economic Coordination Committee (ECC) for an increase in the down payment to the rental power companies from seven to 14 percent, amounting to about Rs22 billion.

The bureau is investigating all 12 RPPs and has filed references in cases including Turkish ship-mounted power plant (Karkey), Piranghaib power plant, Multan, Sahiwal power plant, Guddu power plant in Sindh, Naudero-I power plant in Sindh, Naudero-II power plant in Sindh, Reshma Power Generation in Raiwind, Young Gen Power (Ltd), Bhikki, Gulf Rental Power (Pvt) Ltd, and 150MW Sharaqpur RPP.

Copyright Business Recorder, 2020

Comments

Comments are closed.