Skip to main content

Petition in LHC wants govt to disclose details of foreign debt

Foreign debt

LAHORE: A petition seeking directives for the government to disclose details of the country’s foreign debt was filed in the Lahore High Court (LHC) on Friday, ARY News reported.

The petition states that debt burden to gross domestic product (GDP) ratio has climbed to 86 per cent.

The previous government and then finance minister Ishaq Dar concealed details of the country’s foreign loans from the public, it says, and adds the government’s economic direction can’t be set right without making these facts public.

The petition pleads that the court may order the government to bring details of debt burden to light and set up a secretariat of debt inquiry commission.

Earlier, on June 20, the federal government had formed a high-powered commission, headed by Hussain Asghar, to probe into the loans piled up over the past 10 years.

According to a notification, the 12-member commission comprised officials of National Accountability Bureau, Inter-Services Intelligence, Federal Investigation Agency, Intelligence Bureau, Military intelligence, Federal Board of Revenue and State Bank of Pakistan.

The federal government would hire national and international experts to conduct forensic audit of investment and expenditure of the past governments during the last 10 years, read the notification.

The high-powered commission will present its investigation report within six months, however the prime minister could extend its time frame. Meanwhile the commission would present its monthly progress report to the prime minister.

The commission would also probe all the development projects, kickbacks and contracts during 2008-2018. Embezzlement of government funds and alleged corruption in the development projects would also be investigated.

The post Petition in LHC wants govt to disclose details of foreign debt appeared first on ARYNEWS.



from ARYNEWS https://ift.tt/2X27tA8
Labels:

Comments

Post a Comment

Popular posts from this blog

Sialkot police bust gang of robbers, seize over Rs20m looted cash

SIALKOT: Police on Tuesday claimed to have busted an infamous gang of robbers and seized Rs20.3 million looted cash from their possession, ARY News reported. A spokesperson for the police confirmed the arrests saying the eight-member gang had looted a pharmaceutical company’s truck full of medicine. He said the looted cash to the tune of Rs20.3 million was also recovered from their possession. The police said the recovered cash and truck have been handed over to their owner. Read More: Youngster battles for life as Punjab police ‘mistakenly’ opens fire on him Earlier, on June 20, Karachi police had apprehended six robbers allegedly involved in a bank robbery of Rs10.5 million last month. The robbers had produced Rs9 million from the bank robbery in front of the police after being taken under arrest. The police also recovered the weapons used by the criminals in the bank robbery. The gang was stated to have a previous record of robbing various places in the city, the police said. ...
Post a Comment
Read more

Peshawar security forces kill four suspected terrorists

The Peshawar Counter-Terrorism Department personnel gunned down four suspected terrorists after raiding their hideout on the Kohat Road Monday. According to the security forces, the suspects were plotting an attack. A cache of weapons and ammunition has been seized too. On Monday evening, a special CTD team raided the hideout after surrounding it and exchanged fire with them. No CTD personnel was injured in the operation. from SAMAA https://ift.tt/2V8MRbn
Post a Comment
Read more

Headlines 9am: Karachi to face power outages, coronavirus cases rise

Here are the headlines from SAMAA TV’s 9am bulletin. Pakistan has begun reporting fewer coronavirus infections in the last couple of days. In the last 24 hours, 3,964 cases were reported with 105 deaths. Around 73,000 recoveries have been confirmed so far. Three people were killed in a collision between a motorcycle and ambulance on the Mehran highway. A child was injured as well. Robbers looted a house in Karachi’s Azizabad in broad daylight and in the presence of a policeman. The cop chased the thieves but they were able to escape. SAMAA TV has acquired a CCTV footage of the robbery. A terrorism bid has been foiled in Peshawar. During a raid, security forces eliminated four terrorists. A cache of weapons and ammunition has been recovered. Saudi Arabia has announced it would hold a “very limited” Hajj this year owing to the coronavirus pandemic, with pilgrims already in the kingdom allowed to take part. The Kingdom has informed Pakistan about it as well. Pakistan’s Religious A...
Post a Comment
Read more