LAHORE: The Privatization Commission of Pakistan has written a letter to Chairman NAB for the efforts of NAB in recovering an amount of Rs.200.25million which was invested by The Privatization Commission of Pakistan in Trust Investment Bank Limited (TIBL).
The NAB, on the complaint of Privatization Commission of Pakistan, persuaded the Trust Investment Bank Limited (TIB) which agreed to return Rs404.81million. The first tranche of Rs200.25million has been recovered by the NAB from the Trust Investment Bank and handed over the cheques to the Trust Investment Bank Limited (TIBL) in a ceremony.
The Privatization Commission appreciated NAB’s continued efforts and timely support in recovering the above said money from the Trust Investment Bank. The Privatization Commission has also expressed its gratitude to the NAB under the dynamic leadership of Qamar Zaman Chaudhry, Chairman NAB, who has transformed the NAB into an organization setting new standards in public service delivery sector. The Privatization Commission has further stated that “it is quite evident that action of the NAB speaks louder than words.”
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