New history of corruption in PTI era, $4 billion in interest-free loans revealed, Public Accounts Committee directs FIA to seize assets of all 600 defaulters, including Hascol and Baico.
Meeting of Public Accounts Committee was chaired by Noor Alam Khan. In meeting, chairman of committee Noor Alam Khan said that government is forced to accept all conditions for one billion dollars from IMF, on other hand, four billion dollars were distributed without interest in previous period.
According to Chairman Noor Alam Khan, it was revealed that 3 billion dollars were given to 600 people at zero interest rate. An amount of 1 billion dollars was given to Hascol Petroleum Company and 3 billion dollars to 600 people at zero interest.
Chairman Public Accounts Committee Noor Alam Khan has requested list of providing 3 billion dollars to 600 people from FIA after Eid. It was reported that defaulted company, Baico, has also defaulted, which owes 44 billion to the government of Pakistan.
Public Accounts Committee (PAC) has directed the FIA to take custody of the property, bank balance of Hascol Company.
The FIA has also been directed to seize the houses, bank balances, properties of 600 people. Noor Alam Khan said that ex-governor Raza Baqir, ex-finance minister Shaukat Tareen are involved in getting one billion dollars.
Burgess Tahir said that 4 billion dollars were given at zero interest rate at an exchange rate of 160 rupees, the dollar rate has reached 280 rupees, which is more than 900 billion of country’s economy.