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 Breaking News

TIP asks Tarin to review corruption allegations against NBP

byCT Report
20/05/2021
in Breaking News, Islamabad, Latest News, Slider News
Share on FacebookShare on Twitter

ISLAMABAD: The Transparent International Pakistan (TIP) has requested Finance Minister Shaukat Tarin to examine the allegations against National Bank of Pakistan (NBP) in a case pertaining to the violation of PPRA rules.

According to the details, in its letter to the finance minister, the TIP highlighted the alleged violation of PPRA rules, 2004 in awarding a contract worth approximately Rs26 billion for scanning and indexing of documents to a single bidder.

You might also like

Customs Today wishes its readers a very happy Eid Mubarak

26/05/2026
Pakistan's President Asif Ali Zardari is seen during a meeting with his Turkish counterpart Abdullah Gul (not pictured) in Istanbul November 1, 2011.   REUTERS/Murad Sezer

President Zardari rejects FBR demand for surety bonds before tax refunds

25/05/2026

Documents state that NBP invited tenders for Document Management System (DMS) in August, 2018, which received eight bids on November 17 whereas bids were opened on the same day. The bank then posted the evaluation report on PPRA’s website after a lapse of 19 months, on June 15, 2020.

Three out of eight bidders did not submit bids while four were disqualified with the justification that they did not conform to the specified requirements, after which a single bid of M/s A.S C. First Solution Pvt. Ltd. was declared as the lowest evaluated bidder.

The bidder quoted Rs0.95 for scanning, Rs2.I5 for indexing; Rs115 to cover the cost of a box with seal, Rs30 cost of transferring to the warehouse; Rs19.50 per box as storage rental and Rs75 for retrieval.

The total cost of the contract has not been declared, but is estimated around Rs26 billion for all 1,450 branches of NBP based on medium-sized branches generating over 100,000 documents including cheques in a five year period.

TIP has alleged that prima facie, NBP, has violated the PPRA rules 26, 35 and 47 and awarded a contract to a single bidder, adding that undeclared total evaluated cost in the evaluation report is proof of collusion under PPRA Rule 2(f) is dubious. The civil society organisation has said that the contract must be cancelled if the bank is found guilty.

The senior management of NBP was approached for their comments on this matter but no reply was received till filing of story.

Tags: National Bank of PakistanShoukat TarinTransparent International Pakistan

Related Stories

Customs Today wishes its readers a very happy Eid Mubarak

byCT Report
26/05/2026

Pakistan's President Asif Ali Zardari is seen during a meeting with his Turkish counterpart Abdullah Gul (not pictured) in Istanbul November 1, 2011.   REUTERS/Murad Sezer

President Zardari rejects FBR demand for surety bonds before tax refunds

byCT Report
25/05/2026

ISLAMABAD: President Asif Ali Zardari has dismissed a representation filed by the Federal Board of Revenue (FBR) against the Federal...

Petrol pump owners demand end to weekly fuel price changes

byCT Report
25/05/2026

LAHORE: The All Pakistan Petrol Pump Owners Association has expressed strong reservations about the existing mechanism for determining petroleum product...

LCCI President Faheem Sehgal seeks extension in business hours

byCT Report
25/05/2026

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) has called on the government to continue relaxed business hours beyond June...

Next Post

FBR directs IRS officers to submit PERs for promotion into BS-18

  • 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.