Saturday, 17 February 2018

Page 1

Daily on www.customsbulletin.com

Find us on

PAKISTAN’S FIRST INDEPTH NEWSPAPER ON CUSTOMS

Daily

ABC Certified

Karachi, Sat February 17, 2018

KARACHI

WAQAR AHMED ANSARI www.customsbulletin.com

C

ollector Customs Export Saqib Saeed is showing outstanding performance after assuming the charge of his new assignment. The Customs Export has recovered evaded amount of taxes and duties of Rs 9.82 million from defaulter companies which were issued with notices to pay the outstanding dues. Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Dhareej Associate Karachi availed undue beneKits and concessions after importing different consignments by misusing the SRO 567 through Examiner Raheel S Khan on 12th December 2017. Sources further said that the company was allegedly involved

Vol 2, Issue No. 337

Price Rs. 14.00

in the tax evasion of Rs 5.24 million. After detecting the tax evasion, the Customs Export served on it a Kinal notice on January 18, 2018 to deposit the evaded amount within 14 days. After receiving the notice, the management of M/s. Dhareej Associate Karachi deposited the evaded amount in the ofKicial account of the Customs Export on 15th of February. On the other hand, the management of the M/s Sabeen Garments and Export also cleared Rs 4.58 million of taxes and duties. Sources told that M/s Sabeen Garments and Export also availed undue beneKits and concessions and avoided paying taxes according to the customs bylaws. The Customs Export authorities issued to it a Kinal notice on January 12, 2018. After receiving the notice, the management of the M/s Sabeen Garments and Export deposited the evaded amount of taxes into the ofKicial account 13th February.

Customs Export recovers Rs 9.82m from two defaulter companies

DG Valuation to revise customs values of glycerin on April 10

Govt aiming for 6pc GDP growth during FY17-18: Haroon

Children used to smuggle items into mainland China

FBR team raids godown in Nankana Sahib, recovers NDP cigarettes

Customs Export Saqib Saeed is showing outstanding performance | SEE PAGE 01 |

DG Valuation has decided to revise the VR No: 798/2016 on April 10, 2018 | SEE PAGE 02 |

Haroon has said the govt is aiming for a 6 percent GDP growth this year | SEE PAGE 05 |

Customs Service and Gongbei Customs recently conducted a joint operation | SEE PAGE 07 |

FBR anti smuggling squad raided a godown located in Nankana Sahib | SEE PAGE 08 |


2

www.customsbulletin.com

NAB recovers Rs1,832m, returns to Shaheen Foundation Saturday, February 17, 2018

National

ISLAMABAD: The National Accountability Bureau (NAB) has recovered Rs1,832 million from the current management of Al-Hamra (Pvt) Ltd and Al-Hamra Avenue Pvt Ltd and handed over to the members of Shaheen Foundation. The accused failed to hand over plots and rather sold the land to other parties, which deprived members of Shaheen Foundation of their hard earned money. During an inquiry proceeding, the present sponsors showed willingness in writing to return Rs573 million as a profit in addition to the principal amount.

DG Valuation to revise customs values of glycerin on April 10

LAHORE

KARACHI

CUSTOMS BULLETIN REPORT

CUSTOMS BULLETIN REPORT

www.customsbulletin.com

www.customsbulletin.com

unjab Chief Minister Muhammad Shehbaz Sharif on Wednesday visited the Chinese Consulate and met with Chinese Consul General Mr. Long Dingbin. During the meeting, different matters of mutual interest including Pak-China relations and progress on CPEC related projects came under discussion. The Chief Minister congratulated the Chinese Consul General on the start of new Chinese Year. He also extended congratulations to Chinese President Xi Jingping, Prime Minister, the leadership of Communist Party of China as well as the Chinese people. On the occasion, the Chinese Consul General said that Chief Minister Shehbaz Sharif had set a record by completing different projects with unprecedented speed. Shehbaz Sharif had played a marvelous role for his country with his vision and hard work, he said and added that new standards of development had been set in Punjab due to the Chief Minister’s committed leadership. He said, the Chinese leadership also acknowledged the hard work of Shehbaz Sharif. He said that CPEC projects had been promoted in a transparent manner and they were an example of its own.

P

T

he Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 798/2016 on April 10, 2018, it is learnt. Surriya Butt said the department was reviewing suggestions from various importers to set new prices of glycerin. She said some valuations issued in 2015 were being reviewed from the beginning. Moreover, the valuations will be set in view of the rising prices in the international market. Sources told that a petition was Kiled with the Customs Valuation in which change in prices of glycerin was requested. Sources further said Valuation Ruling No: 798/2015 was issued on January 21, 2016. A meeting was held with the stakeholders on 14th February 2018. Importers were advised to furnish the import invoices of the last three months showing factual values as well as websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current value could be ascertained. Meanwhile, KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Ruling No: 766/2015 on April 18, 2018, it is learnt here.

CM discusses progress on CPEC, Pak-China relations with Consul General

According to details, Surriya Butt said that the department was reviewing suggestions from various importers to set new prices of Latex Vanyl examination and surgical gloves. She said that some valuations, which were issued in

2015, were being reviewed from the beginning. Moreover, the valuations will be set in view of rising prices in the international market. Sources said that a petition was submitted before the Customs Valuation in which change in prices

of Latex Vanyl examination and surgical gloves was requested. Sources told that Valuation Ruling No: 766/2015 was issued on October 12, 2015. A meeting was held with the stakeholders on 13th February 2018.

Pakistan not to bow to IMF dictates: Rabbani

S

ISLAMABAD

CUSTOMS BULLETIN REPORT www.customsbulletin.com

enate Chairman Mian Raza Rabbani said Pakistan was an independent state and would not bow before the dictates of International Monetary Fund (IMF) or any other international Kinancial institution. Referring to an IMF report, he said interference in the internal affairs of Pakistan on the part of IMF and other Kinancial institutions with

regard to distribution of powers under 18th Constitutional Amendment was worrisome. Addressing a seminar on “Fiscal Federalism “ organized by Senate of Pakistan and Forum of Federation here, he said the centrist mindset was creating hurdles in the way of smooth implementation of 18th amendment. He said as per bureaucracy, the government was supposed to constitute National Finance Commission (NFC) and not necessarily announce the award af-

ter every Kive years, which was against the Constitution. The Secretary Finance while taking chief secretaries of four provinces on board in a meeting had decided to present the upcoming budget without the NFC, he claimed. He said in the presence of parliament, the bureaucracy could not decide such matters. He said the government, at the behest of the World Bank, had drafted a bill to control and exercise inKluence over the matters related to the distribution of resources which was

against the spirit of Constitution and the 18th Amendment. He observed that a proper mechanism was laid down and the Council of Common Interests was strengthened as a parallel institution to the federal cabinet to manage the affairs between the Centre and the provinces and to ensure equal distribution of resources as per the spirit of Article 172 of the Constitution. He reiterated that strong provinces would guarantee a strong federation and there was a dire need to implement

18th Constitutional Amendment in letter and spirit to achieve the goal of a stronger, democratic and true federalist Pakistan. Speaking on the occasion, Secretary Senate Amjed Pervez Malik said the concept of fiscal federalism was not new as almost all the federal states had been practicing fiscal federalism in one form and the other. He said Pakistan was a federal country and distribution of resources had impact on income, development, backwardness and poverty.


www.customsbulletin.com

ADVERTISEMENT

3


4

www.customsbulletin.com


www.customsbulletin.com

ISLAMABAD M FAIZAN

S

www.customsbulletin.com pecial Assistant to Prime Minister on Revenue and Federal Minister Haroon Akhtar Khan has said the government is aiming for a 6 percent GDP growth this year on the basis of strong economic indicators, he said while talking to a delegation of Turkish investors and businessmen who as part of the Turkish-Pakistan Business Council met him at the FBR House. The minister said, “Our economy has done very well and we are aiming for 6 percent GDP growth this year as reflected by the low inflation rate which is below 4 percent and fiscal deficit which is around 5 percent.” He told the visiting delegation that Pakistan had gone through some rough times in the past facing the spread of terrorism mostly due to international problems, but the Pakistanis had proved to be a very resilient nation. “Five years ago the situation was not what it is today, he said, adding that the situation is very good now. He said that the Pakistani nation had proved to the world that it was a front line nation in the fight against terror. “We have made a lot of sacrifices. We had a slight political turmoil because of which stock market went down but it has come back again,” he said. Haroon Akhtar Khan said that he meets a number of businessmen, trade associations and chambers of commerce, including Pakistan Business Council and Overseas In-

Saturday, February 17, 2018

vestors Chamber of Commerce, and they always told him that people were hungry to invest in Pakistan. “They come to tell me that profit margins are going up, their business volumes are going up. The fast moving consumer goods are doing very well. That is the strength of our economy. Our international ratings have been improving consistently. Today is the right environment to come to Pakistan. He further told Turkish businessmen Pakistan had a population of 200 million people blessed with one of the largest proportion of younger people which as per statistics stood around 65 million

er numb a s t e he me ons ociati d that i s s a s a e n d H a ro o n, tra erce, essme n i s u f comm o cil s of b r e mb s Co u n a s h e c n i d s an an Bu er of Pakist hamb g C n s i r d o inclu to l d Invest lways erseas a v y O e d h an nd t g r y to erce, a e hun r e w Co m m e pl at peo istan him th in Pak t s e v in

below the age bracket of 30. “This youth bulge is our strength and that is what we can use in the future. He conceded that Pakistan had to go through the industrialization route before aspiring to become a fully developed country. “We believe that we need a lot of jobs for the skilled as well as the unskilled labour. Our people go and work all over the world, even in the 50 degree temperature under the hot sun in most of the Gulf countries. They work 18 hours a day, live a very simple life and send back valuable money back home which also helps our economy. We are a resilient people, we are tough people, we work hard. Our labour as compared to many countries around us is also considerably cheap. The Minister apprised the delegation that the corporate tax rates in Pakistan had come down from 35% to 30% and the government was further reviewing them in the coming budget. However, there were many other advantages to reap for the foreign investors in Pakistan. “We have no inheritance tax, no gift tax, no wealth tax and almost negligible social security tax which is very small as a percentage of salaries. These are the advantages for the foreigners who can also own 100% of their company, can bring investment through their offshore concerns and can own properties here.” Haroon Akhtar Khan said Pakistan knew fully well that its future was in foreign investments and increase in exports. “But let me tell you every Pakistani businessman who goes abroad to do business comes back and the ultimate conclusion he makes is, that one makes more money in Pakistan.

5


6

www.customsbulletin.com

Founder & Chairman Zulfiqar Ali Editor Rahil Yasin editor@customsbulletin.com.pk For advertising & subscription marketing@customsbulletin.com.pk www.customsbulletin.com Phones: 042-35781643-4, Fax: 042-35781645 Address: 627, Siddiq Trade Centre, Gulberg, Lahore

EDITORIAL

Need to break monotony

A

new programme for capacity building of bureaucrats, a new government narrative and a new standard operating system are the need of the hour to put the country on the road of development. However, in a country like Pakistan where political system is unstable, corruption has been institutionalized and bureaucracy blindly follows red tap as an official policy, there is little hope that the country will make progress in the near future. Now the former State Bank governor Dr Ishrat Husain has expressed the same opinion which needs to be listened to carefully. Husain holds lack of institutional reforms responsible for Pakistan’s low economic growth since 1990 rather than external factors like security issues and terrorism. Pakistan has been achieving a constant rate of development since independence and it managed to grow over 6 percent on an average until 1990. Despite enduring two wars, dictatorships and US sanctions, the rate of development in the country remained higher than China and India. The country also faced many other challenges and suffered due to war in Afghanistan, lack of planning and shortage of funds, but despite losing East Pakistan in 1971, the growth rate of the country was significantly higher than many leading countries in the region. According to Husain, Pakistan’s economic growth remained within the top 10 countries of the world for decades and leading economists from around the world came to study our economic model. Currently there is a need to introduce institutional reforms to achieve a breakthrough in the economic affairs and break the monotony. Pakistan is hardly attaining a growth rate of 5.3 percent to its gross domestic product, but it is the clear that the potentials of the economy have not been fully utilized. Pakistan should have a minimum growth rate of 8 percent for a sustained period of time to meet the challenges. As a matter of fact, the country needs structural reforms in every sector of the economy. There is a need to bring revolutionary changes in the institutions to improve their functionality and launch capacity building programmes for the policymakers. However, the political leadership will have to adopt a new narrative to inculcate in the people that it means business. Unfortunately, all the government departments are strictly following the rules and regulations of the colonialists which need to be changes.

Irrational increase in oil prices T

LAHORE

DR AFTAB AFZAL

www.customstoday.com

he oil prices dropped in the international market, including the US benchmark, marking the lowest settlement in a couple of months. Reports suggest the number of active US rigs drilling for oil rose this week but abrupt fall in prices in the international stock markets has contributed to losses in the oil business. Ironically, prices of petroleum products have been increased in Pakistan, thanks to unchecked actions by the government and inability of the opposition parties to take a stand. Earlier, the government

had depreciated the local currency without considering its consequences and now it has increased the prices of petrol and the related products to collect more revenues. According to economists, the economy of Pakistan is poised to face tough challenges in the second half of the current fiscal year. The country is heavily dependent on oil imports the prices of which are steadily on the rise at home, though dropping in the world markets. This added confusion in the already beleaguered economy as the oil prices were, somehow, kept stable in the country. Though the oil prices are expected to increase to $70 per barrel in

six months, the current situation did not make sense to increase its prices in the domestic market. The State Bank of Pakistan (SBP) and a renowned international investment bank, JP Morgan, have expected an increase of $12 per barrel in the prices of international oil benchmark. An increase in oil prices in the international market brings windfall for the government as increase in prices gives it an excuse to enhance prices for its own benefit. On the other hand, dollar is weakening against major currencies of the world, but its value is steadily increasing in Pakistan, which adds more confusion to the na-

tional economy. Unfortunately, increase in the oil prices always left domino effects on the entire economy and induces cost-push inflation in the business and trade sectors. An increase in the oil prices not only enhances the cost of transportation but also the cost of production of the exportable items. The expensive fuel also leaves inflationary pressure in the banking sector. The uptick in oil prices also affects the import bill which widens the current account deficit. However, when oil prices are decreased, the government refuses to pass its benefits to the people. Import of oil has become a good business for the government.


7

www.customsbulletin.com

Iran doubles exports of dates over current year Saturday February 17, 2018

World

TEHRAN: The volume of exports of dates form Iran over the current fiscal year (starting March 20) has significantly increased. Mohammdali Tahmasbi, a deputy agriculture minister, has said that country exported 171,000 tons of dates over the current fiscal year, Fars news agency reported. According to the official the figure has surged by 22 percent.Mohammdali Tahmasbi further added that the output of the dates in the country in the mentioned period stood at one million tons.

Children used to smuggle items into mainland China

‘Russia to export 47.2m mt of grain in 2017/18’ MOSCOW

CUSTOMS BULLETIN REPORT www.customsbulletin.com

CHINA

CUSTOMS BULLETIN REPORT www.customsbulletin.com

R

T

he Macao Customs Service and Gongbei Customs recently conducted a joint operation between February to combat smuggling. Several people were found smuggling items to mainland China using school-aged children and equipment for children such as infant strollers. According to a Customs statement, the Macau and Zhuhai customs authorities deployed a total of 340 people during the joint operation. The two departments recorded 58 violations of customs law, including cases of people transporting fresh food between Macau and mainland China. The Customs statement reads that smugglers paid intermediaries to bring items from Macau to mainland China. Those items include electronic devices, cig-

Investors face tax of Up to 55% in Japan apan’s National Tax Agency has caught onto the cryptocurrency mania gripping the world and investors in digital coins are about to pay the price. Having ruled last year that capital gains on these transactions are a form of “miscellaneous income,” investors are now required to declare their profits in annual tax filings due Feb 16-March 15. Unlike winnings on stocks and foreign currencies, which are taxed around 20 percent, Japan’s levy on profits from virtual money runs from 15 percent to 55 percent. The top amount applies to people with annual earnings of 40 million yen ($365,000). With no capital gains tax on long-term investments in virtual money in some jurisdictions including Singapore, a handful of cryptocurrency-rich investors have already left Japan. –CB Report

J

arettes and alcohol. In total, eight cases involved school-aged children and three cases involved the use of infant strollers to smuggle items to mainland China. These cases combined represent 19 percent of all smuggling cases. In September last year, the Macau government joined the Convention on International Trade in Endangered Species of Wild Fauna and Flora. Meanwhile, China’s iron ore imports recovered in January to one of the highest levels on record,

Thomson Reuters ship-tracking data showed, as steel producers replenished inventories ahead of a week-long holiday and the end of steel output curbs next month. Seaborne shipments of the steelmaking raw material rose to 93.7 million tonnes last month, according to data compiled by Thomson Reuters Supply Chain and Commodity Forecasts. Shipments in February have already surpassed 70 million tonnes, the Supply Chain data showed.

Exports during organic winter season start more gradually

I

n the Netherlands and neighbouring countries, the harvest results for outdoor vegetables particularly compared to the previous season are fairly high across the line. It will therefore be challenging to sell all product groups properly. However, according to Mtoto Keijzer, owner of Bioport, organic growers can be distinctive with quality and storage this years. Mtoto’s company works with a permanent group of organic growers from the Netherlands

and Belgium. Bioport works directly from grower to customer, and the products are packed according to speciKications of the customer, and they also completely take care of transport. They provide services to de-burden both buyer and grower as much as possible. In the Kield of sales, Bioport is mostly active for wholesalers, industrial processors, vegetable pack companies and packers for supermarkets within the EU. –CB Report

ussia will export 47.2 million mt of grain in the 2017/18 marketing year, Russian logistics operator Rus Agro Trans said in a research note. Export volumes for July-January totalled 31.29 million mt, 66% of the total it has forecast for the marketing year and a 36% increase on the same stage last year. Wheat exports were up 39% year-on-year at 24.7 million mt, barley was twice as big at 3.84 million mt, and corn was down 7% at 2.79 million mt. The Kigures differ from the ministry of agriculture’s weekly updates which cite customs Kigures, which have total grain exports 5% lower than the RusAgroTrans Kigure. Despite the massive size of Russia’s crop this year, there appears to have been little impact on prices.

S

UK diesel car sales plunge in Jan

ales of diesel cars have continued to drop signiKicantly, with the Kirst Kigures of 2018 showing a 25% fall from last January. Overall, the UK’s new car market declined by 6.3% in January with 163,615 cars leaving showrooms. It follows a downward trend that started last April after years of record growth. The Society of Motor Manufacturers and Traders said the decline in diesel sales was concerning, although dealers said the Kigures were “an expected correction”. Meanwhile, Conservative peer Lord Porter, who chairs the Local

Turkey in intense cooperation with Africa

T

ANKARA

CUSTOMS BULLETIN REPORT www.customsbulletin.com

urkey and Africa these past years has attracted attention ahead of the Second TurkeyAfrica Ministerial Review Conference in Istanbul to take place on Feb. The conference is co-organized by the Turkish Foreign Min-

istry and the African Union Commission with the attendance of 19 African countries. It is being held four years after the Africa-Turkey Summit held in Malabo, Equatorial Guinea in November 2014. The upcoming conference is also symbolic in the sense that it coincides with the 10th anniversary of the African Union Summit of 2008 in which Turkey was declared a strategic

“Export prices continue to remain significantly higher than a year ago,” the note said. Average spot prices over the first seven months of the year are 11% higher than over the same period in 2016/17 marketing year, while revenues are around 42% higher. Further out prices look set to remain above last year’s levels, with FOB Novorossiysk prices indicated at $197/mt for February, $199/mt for March, $198/mt for April, $195/mt for May, and $192/mt for June. The Agricensus spot price for Russian 12.5% wheat was at $195.25/mt FOB Novorossiysk Friday. Meanwhile, Russian companies significantly reduced PP imports in December to 10,400 tonnes from 16,300 tonnes a year earlier, with imports of homopolymer PP raffia and block copolymers of propylene dropping. Overall, 171,200 tonnes of propylene polymers were imported in 2017, compared to 167,200 tonnes a year earlier.

partner of the African Union. According to the Turkish Foreign Ministry’s press information note about the conference, it will be attended by a large number of AU member states, including the representatives of Rwanda, Guinea, Egypt, Nigeria, Algeria, Senegal, Libya, South Africa. The first Turkey-Africa summit was held in 2008 in Istanbul, the second one

Government Association, has warned “the majority will have little choice” but to increase bills, in order to protect vital services amid a £2.3billion “funding gap” in the social care system. Some councils have already increased bills by six percent, after ministers lifted the cap on tax hikes from Kive percent in December, according to the Telegraph. This could mean an increase of as much as £80 for some households. Lord Porter said the tax hike was regrettably necessary for many local authorities, as “the money local government has to maintain vital services is running out fast”. –CB Report

in 2014 in Malabo Equatorial Guinea and the third summit is scheduled for 2019 in Turkey. According to diplomatic sources, Turkey intends to continue it policy towards closer cooperation with the African Union as it attaches great importance to sharing political and cultural experiences and facilities and resources with African countries.


8

www.customsbulletin.com

Customs Faisalabad impounds 3240kg of smuggling fabrics FAISALABAD: The Anti-Smuggling Organization (ASO) Faisalabad has seized 3,240 kilogram of smuggling fabrics worth Rs4million involving duties and taxes amounting to R995672 in an action. Sources told Customs Today that, following information received through Collector Muhammad Asif jah, a large quantity of non-duty-paid fabrics is being smuggled from Karachi into Faisalabad. Superintendent Tanveer Naqvi constituted a raiding team comprising Inspectors Mujahid Abbas, Asghar Mehdi Naqvi, Driver Ghulam Abbas and others.

Saturday, February 17, 2018

CUSTOMS BULLETIN

FBR team raids godown in Nankana Sahib, recovers NDP cigarettes LAHORE M HAYAT

www.customsbulletin.com

F

ederal Board of Revenue (FBR) anti smuggling squad raided a godown located in Nankana Sahib and recovered huge quantity of non customs paid cigarettes. Sources told Customs Today that after receiving secret information FBR anti smuggling squad raided a godown of a trader Haji Khalil and recovered non customs paid Rangers, Metro & Country brands of cigarettes. The market value of seized cigarettes is Rs1.4 million in international market. The incharge of godown failed to provide any relevant documents regarding storage of the cigarettes. After his failure FBR anti smuggling squad seized all the cigarttes and registered a case of smuggling against the owner of the godown. Further investiations are still in progress till the filing of this report. Federal Board of Revenue anti smuggling squad already adopted a comprehensive strategy to curb smuggling in the region due to this policy marginable decrease is being witnessed in the region.

NAB directs action against illegal private cooperative housing societies ISLAMABAD

CUSTOMS BULLETIN REPORT www.customsbulletin.com

C

hairman National Accountability Bureau (NAB) Justice (Retd) Javed Iqbal urged people to invest their hard earn money in only legal private cooperative housing societies to avoid fraud at initial stage. Seeking a report from Director General NAB Rawalpindi about actions taken against

private and cooperative housing societies so far, he reiterated his Kirm resolve to take stern action against all private/cooperative illegal housing societies. The Chairman said this while presiding over a meeting here to review overall performance of NAB, especially regarding taking action so far against illegal private/cooperative housing societies of Rawalpindi and Islamabad. He also expressed his resolve to recover looted money from defaulting societies and returning it to affecters in accordance with law. The meeting was informed that

the NAB as per his directives has asked relevant departments including Islamabad Capital Territory (ICT), Rawalpindi Development Authority (RDA) and Capital Development Authority (CDA) to take action against all illegal private/cooperative housing societies and directed them to publish names of such societies in newspapers and at their websites to aware people at large through help of media to avoid investments in illegal societies. It was told that NAB has played an effective role in ensuring placing of names of illegal societies on websites of CDA, ICT and RDA.

Moreover, the Chairman directed to conclude all inquiries and investigations against private/cooperative housing societies to their logical conclusion as per law. He said strict action would be taken against relevant NAB ofKicers on exhibiting negligence. Meanwhile, NAB has authorized complaint veriKication against Aijaz Jakhrani MNA from Jacobabad. He has allegedly made assets beyond known sources of income. Meanwhile, Secretary to Prime Minister Fawad Hassan Fawad did not turn up before NAB in an inquiry against the management of Punjab Land Development

Published by M S Raza O# 42, 3rd Flr Gull Plaza M.A Road Karachi, Printed by Dhoom Printing Building No RY/A, 11/6,11/7, Mashoor Mahal,o I.I. Chundrigar Road, Karachi

Company (PLDC). The bureau had called him to appear before the joint investigation team (JIT) of NAB and answer its questions. It is worth mentioning here that NAB has also summoned former LDA DG Ahad Khan Cheema on Friday to appear in the same case. Sources said the NAB team was sure that Fawad would appear otherwise there is a provision in the law to summon any accused through the court of law. They said the NAB chairman was also authorised to issue arrest orders for any accused having failed to comply with the bureau summons.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.