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Former Wapda chairman appears before NAB in Rs753m corruption case

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  • “All allegations levelled against me are false,” Muzammil Hussain says.
  • Interrogation in NAB office lasted around two hours.
  • Hussain rejects all speculations regarding political involvement in his case.

LAHORE: Former Water and Power Development Authority (Wapda) Chairman Lt Gen (retd) Muzammil Hussain Monday appeared before the National Accountability Bureau’s (NAB) office today where he was interrogated about corruption worth Rs753 million in the Tarbela Fourth Hydropower project, Geo News reported.

“All allegations levelled against me are false,” Hussain said while speaking to journalists outside the NAB office, where he stayed for around two hours.

The former chairman questioned how the corruption figure was of Rs753 million when the cost of the project was Rs750 million.

“No premature payments were made to contractors and the project was completed ahead of the scheduled time,” he said, adding that the cost was also recovered after the production of electricity started.

Regarding political involvement, in this case, Hussain rejected all speculations saying that no political motive was involved. “A complaint was lodged against me and the NAB considered it necessary to verify the news,” he added.

The former chairman clarified that he had answered all questions during the course of investigation, adding that he wasn’t given any sort of questionnaire. “I am ready to appear before NAB if they summon me again,” he maintained.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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