Islamabad:
Prime Minister Shehbaz Sharif has set up an investigation committee for three members to investigate the alleged irregularities in the rental of precious land of the Port Qasim (PQA) authority, following explosive revelations from Senator Faire Vawda that the land was rented at recovery prices during the current government mandate.
According to a notification issued by the Prime Minister’s office, the land has been awarded to a
Small and average industrial park.
He added that the presumed financial irregularities in the rental process will be surveyed by the panel.
The committee will be headed by the president of the Prime Minister’s inspection committee, who was appointed manager, while the director of IB Sirajuddin Amjad and the director of the FIA, Syed Shahid Hussain, will serve as members.
The Committee also received a particular task to examine the legal strategy of the PQA in the request for cancellation of the lease, including efforts to cancel the suspension order issued against its revocation.
He will investigate the factors examined by the PQA board of directors in his decision to achieve an amicable settlement with the applicant.
In addition, the investigation committee will examine all the legal opinions which have supported the rules out of course.
According to the twists, the committee will assess if the PQA has reassessed the value of the land before proceeding to the regulation and if the prices of the market in force were taken into account in the final decision.
The Committee will also determine why the outside payment offer was not immediately withdrawn when the applicant refused to accept it. In addition, it will identify governance problems that have contributed to delays in the process.
