Pakistan News

PML-N president Shehbaz Sharif to appear before NAB in Ashiana Housing scheme scandal today

LAHORE: Pakistan Muslim League Nawaz (PML-N) president Shehbaz Sharif on Monday (today) will appear before National Accountability Bureau in connection with Ashiana Housing scheme scandal and Punjab Power Development case.

 

The former Punjab Chief Minister (CM) is facing charges of awarding the contract of the housing scheme by surpassing merit. The summons were issued after former Principal Secretary Fawad Hassan made revelations before anti-graft watchdog.

 

Another charge leveled against Sharif is that he made recruitments in Punjab Power Development Project purely on nepotism and favoritism.

 

Graft proceedings against ex-CM were initiated after private news channel unearthed irregularities worth Rs80 bn in Punjab 56 companies.

 

As per details garnered, Punjab govt had constituted 56 companies under guise of good governance and registered them under Article-42 of Companies Ordinance 1984. Punjab Chief Minister Shehbaz Sharif was inspired by the Turkish model and therefore summoned analysts from the same.

 

While deliberately turning a blind eye towards similar local companies operating in Pakistan, Sharif-led Punjab govt awarded dozens of contracts to Turkish conglomerates on hefty paybacks.

 

Before formation of these companies, 113970 employees were working in different departments across Punjab and the figure augmented to 157500 following arrival of Turkish corporations.

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