NAB shuts inquiries against
Ishaq Dar and Akram Durrani

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ISLAMABAD: The National Accountability Bureau (NAB) on Wednesday announced to shut inquiries against the former finance minister Ishaq Dar and former Khyber Pakhtunkhwa (KP) chief minister Akram Khan Durrani, besides approving another reference against former Punjab CM Shehbaz Sharif, the INP has reported.

According to a handout issued by the NAB, the accountability watchdog’s meeting headed by Chairman Justice (r) Javed Iqbal approved the decisions during the executive board meeting.

The watchdog shut down the inquiries against Ishaq Dar, Jamiat Ulema-e-Islam-Fazl (JUI-F) leader Akram Durrani and Federal Board of Revenue (FBR) chairman over lack of evidence against them.

The NAB further said that it has decided to form a committee regarding the Pakistan International Airlines (PIA) owned Roosevelt Hotel in the United States, which would review the decision to shut down the hotel.

The accountability watchdog also approved references against former Capital Development Authority (CDA) chairman Imtiaz Inayat and Parks Director General (DG) Liaquat Qaimkhani, besides also approving investigations against other CDA officials.

The watchdog shut down the inquiries against Ishaq Dar, JUI-F leader Akram Durrani and chairman FBR over lack of evidence against them. The NAB further said that it has decided to form a committee regarding the PIA-owned Roosevelt Hotel in the United States, which would review the decision to shut down the hotel.

According to ARY News, the accountability watchdog also approved references against former Capital Development Authority (CDA) chairman Imtiaz Inayat and Director General Parks Liaquat Qaimkhani, besides also approving investigations against other CDA officials.

On February 28, Chairman National Accountability Bureau (NAB) Justice retd Javed Iqbal on Sunday said that those who remained untouched in the past were probed by the accountability watchdog in his tenure.

Ishaq Dar

“They have been asked about illegal acts, assets beyond income and measures that caused losses to the national exchequer as per the law,” said the chairman.

He said that the accountability watchdog believes in zero corruption and 100 percent prosperity policy. “It is owing to this policy that we are able to deposit Rs487 billions of looted money to the national exchequer during the past three years,” Justice retd Javed Iqbal said.

Meanwhile, according to a media report, Ishaq Dar has said that former finance minister Ishaq Dar has claimed that Pakistan’s economy lost $75 billion in the last two fiscal years, mainly because of the shrinking size of GDP and massive devaluation of the rupee against dollar.

He said that the country’s GDP size shrank by $51 billion as it nosedived from $315 billion to $264 billion in the last two fiscal years. The massive devaluation resulted in hiking of the total debt to the tune of $25 billion without getting a penny. “The incumbent regime does not have the capacity to tackle economic issues of the country, so the poor are being fleeced through highest-ever inflationary pressures, especially on food and fuel prices,” the former finance minister Ishaq Dar said while talking to this scribe from London on Monday.

He said that Pakistani masses are now paying Rs300 billion extra on sugar prices. The wheat prices have gone up and the consumer was now paying Rs 1,800 billion against Rs900 billion they paid three years ago. Besides, in the past they were paying Rs1,000 billion as electricity bills against Rs2,000 billion being paid today for the provision of electricity.