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

SC refers 56 companies’ case to NAB, seeks report in 10 days

byCT Report
30/07/2018
in Business
Share on FacebookShare on Twitter

LAHORE: The Supreme Court has referred the matter of corruption and mismanagement of 56 public sector companies to the National Accountability Bureau (NAB) and gave it 10 days to submit report.

Chief Justice of Pakistan Mian Saqib Nisar passed the order while heading a three-member bench seized with the hearing of multiple suo motu notices at the Supreme Court’s Lahore Registry.

You might also like

07/09/2026

Uzbekistan-Pakistan air connectivity expands as “Centrum Air’’ launches direct Tashkent-Karachi flights

05/09/2026

“NAB should file reference if it is needed in the matter,” the CJP remarked, adding that the court would order recovery of the money if anyone refuses to return it. Complying with the court orders, chief executive officers of public sector companies appeared before the court on Sunday. Punjab Chief Secretary Akbar Khan Durrani and NAB Lahore DG Shehzad Saleem were also present.

During the proceedings, the CEOs told the bench that their appointment was made on merit but the CJP expressed dissatisfaction with their stance and rejected it. The top judge directed all those officials drawing Rs300,000 and more than this to appear before the NAB. The CJP expressed serious concerns over payment of Rs1.1 million salary to some CEOs, observing that what experience they had to hold such posts.

“It is strange that it is the same contractor who has been given the contract of Orange Line, fast track and other projects,” CJP Nisar said, questioning transparency of the contract of the above said projects.

“Nobody cares about the public money and if anyone refuses to return then we know how to get it recovered,” he remarked. The chief justice directed the NAB to move reference if the reference was needed in any matter.

Related Stories

byCT Report
07/09/2026

SECP approves reforms to boost Pakistan’s business score KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved a...

Uzbekistan-Pakistan air connectivity expands as “Centrum Air’’ launches direct Tashkent-Karachi flights

byCT Report
05/09/2026

KARACHI: Direct air connectivity between Uzbekistan and Pakistan has further expanded with the launch of regular flights between Tashkent and...

CCP, NFA sign MoU to strengthen competition law enforcement

byCT Report
04/09/2026

ISLAMABAD: The Competition Commission of Pakistan (CCP) and the National Forensics Agency (NFA) signed a Memorandum of Understanding (MoU) to...

Roosevelt Hotel counsel sees 1% chance of overturning arbitration award

byCT Report
03/09/2026

ISLAMABAD: Legal counsel for the Roosevelt Hotel has assessed the chances of successfully challenging an adverse arbitration award at just...

Next Post

Customs officials foil attempts to smuggle 17kg of drugs into Qatar

  • 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.