Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Sheikh Rasheed submits ‘evidence’ to NAB in LNG scam

byCT Report
15/03/2019
in Business, Latest News
Share on FacebookShare on Twitter

RAWALPINDI: Federal Minister for Railways Sheikh Rasheed said he had submitted ‘evidence’ of wrong doing by members of the previous government to the National Accountability Bureau (NAB) in the Liquefied Natural Gas (LNG) scandal. NAB Rawalpindi had summoned the railway minister on Friday in connection with the case.

Speaking to the media after appearing before the accountability watchdog, Rasheed added he had earlier submitted the evidence to the apex court.

You might also like

“Young entrepreneurs can reshape Pakistan’s economic future”

17/10/2026

NBP inks MoU with PowerChina arm for green financing collaboration

17/10/2026

Criticising the previous PML-N-led government, he claimed that due to corrupt practices, there has been an increase in gas and electricity prices.

In 2018, the anti-graft body initiated a probe against former premiers Shahid Khaqan Abbasi and Nawaz Sharif over alleged misuse of authority.

Abbasi and few others had been accused of illegally awarding LNG terminal contract for a period of 15-year to a company of their liking in violation of defined rules, ‘thus inflicting billions of rupees losses to the national kitty’.

The inquiry into the LNG contract case had been initiated almost one-and-a-half year after the NAB Karachi office closed a similar inquiry against Abbasi for his alleged role in the award of a multi-billion rupee contract for the import and distribution of LNG.

The PML-N government in its tenure from 2013-2018 completed two LNG terminals, while just days before completion of its term, on May 31, it stopped the Port Qasim Authority (PQA) from going ahead with bidding for the allocation of a site for constructing a third terminal

Related Stories

“Young entrepreneurs can reshape Pakistan’s economic future”

byCT Report
17/10/2026

ISLAMABAD: The president of the Islamabad Chamber of Commerce and Industry has called for turning Pakistan's youth into a driver...

NBP inks MoU with PowerChina arm for green financing collaboration

byCT Report
17/10/2026

LAHORE: National Bank of Pakistan (NBP) has signed a Memorandum of Understanding (MoU) with PowerChina|Integrity Energy Storage (Shanghai) Technology Co....

FBR implements faceless tax audit and assessment system from October 15

byCT Report
17/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented a new framework for conducting tax audits, assessments and related proceedings...

Pakistan explores new funding options with three UAE Banks to ease debt pressure

byCT Report
17/10/2026

ISLAMABAD: Finance Minister Muhammad Aurangzeb held separate meetings with delegations from Sharjah Islamic Bank, Abu Dhabi Commercial Bank and Ajman...

Next Post

Govt keen to devise innovative financing model: Asad Umar

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.