Sunday, January 17, 2021

Picking a defaulter as an advisor, right decision of PM Khan?

Featured

Azerbaijan to start vaccinating citizens from next Monday

The doses of the Chinese anti-corona virus vaccine will be transported first to Turkey, where they will be examined...

Adam Schiff: Donald Trump must be removed

Adam Schiff, Chairman of the Intelligence Committee in the US House of Representatives, affirmed that they continue to defend...

Indonesia proposed a budget of 1.5 billion dollars for Chinese Sinovac vaccine

Indonesia has proposed a budget of 20.9 trillion rupees ($ 1.49 billion) to buy the Coronavirus vaccine from Sinovac,...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Prime Minister Imran Khan has reshuffled the cabinet and the advisors among them, Nadeem Babar will serve as the SAPM on Petroleum Division. Unfortunately, Naeem Babar new advisor of Petroleum ministry was the defaulter of SNGPL for about Rs 800 million.

- Advertisement -

The then Chairman Energy Reforms Task Force and newly appointed advisor the alleged owner of Orient Power, has reportedly not paid Rs 800 million worth pending amount to Sui Northern Gas Pipelines Limited (SNGPL) despite the verdict of London Court of Arbitration against the former two years ago, sources revealed

Source told World News Observer that the London Court of Arbitration, in its decision, ordered Orient Power to make payments for all expenses in accordance with the law.

Orient Power was ordered to make a payment of Rs20.7 million to SNGPL to clear the fee and all expenditures, including boarding, lodging and travelling, of the legal team, adding that the court had also ordered Orient Power to pay Rs600 million with mark up charges to SNGPL.

Orient Power approached the London Court of Arbitration to collect the legal fee and other expenses (approximately Rs100.6 million) of the case from SNGPL. However, Orient Power could not get its expenses verified.

The then Energy Reforms Task Force Chairman Nadeem Babar said he is not affiliated with Orient Power as he had left the company in August 2018, adding that Orient Power has also filed a case against SNGPL in a local court.

- Advertisement -

Source informed that he still continues to be the beneficial owner of the company, as he currently owns more than 25pc shares, sources said.

Question rises from various corners that picking a defaulter as an advisor and specially for the sensitive ministry was the right choice of Prime minister Imran Khan?

- Advertisement -
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
- Advertisement -

Latest News

Azerbaijan to start vaccinating citizens from next Monday

The doses of the Chinese anti-corona virus vaccine will be transported first to Turkey, where they will be examined...

As You Likee: Express more, Create more with Likee’s In-App Features

The online short videos platform is rapidly becoming the content production application of choice for hundreds of thousands of Pakistanis to showcase their creativity,...

Adam Schiff: Donald Trump must be removed

Adam Schiff, Chairman of the Intelligence Committee in the US House of Representatives, affirmed that they continue to defend the democracy of the United...

Indonesia proposed a budget of 1.5 billion dollars for Chinese Sinovac vaccine

Indonesia has proposed a budget of 20.9 trillion rupees ($ 1.49 billion) to buy the Coronavirus vaccine from Sinovac, the Indonesian health minister said...

IFN declares SBP as top central bank for promoting Islamic finance

State Bank of Pakistan (SBP) has been voted as the Best Central Bank in promoting Islamic finance for the fourth time by a poll...

Related News