SC stays implementation of LNG import award

Attention: open in a new window. PDFPrintE-mail

ISLAMABAD, (SANA): The Supreme Court of Pakistan has stayed implementation of LNG import award worth $46 billion dollar here on Monday.


A three-member bench, headed by Chief Justice Iftikhar Muhammad Chaudhry, heard the suo motu notice regarding irregularities in agreement signed for import of liquid gas.


SC bench after directing all the parties to file their replies by today (Tuesday) and adjourned the hearing till March 18. The lawyer of the Sui Southern Company Anwar Mansoor Khan said that all the matter has been done by following the PEPRA rules, adding that the legal opinion of the law ministry was also sought in the matter. Chief justice said that why so haste is being shown for the award of the LNG contract. The court said that instead of the issuance of notice no representative of the Gas Port Company has appeared in court.


The court also ordered the National Accountability Bureau (NAB) chief to expedite the probe into the issue and carry out the investigation in an indiscriminate manner.


The court said that it wouldn’t remark on the transparency of the current contract, adding that transparency could have been maintained if ministries for finance, petroleum and Economic Affairs Division had kept in view the rules and regulations in their true spirit.

The counsel for Petroleum Ministry, Akram Raja, told the court that LNG was not given on lease. Chief justice said that the last week of the government has been started and cabinet should not be involved in the LNG contract award, adding that no further action in the matter should be taken prior to the final orders of the court in case.


However the court ordered the parties to submit their stance in written and till today (Tuesday).


Courtesy:  Sana News

Forex open Market rates & comments Archive

Login Form