The National Accountability Bureau (NAB) on Wednesday approved inquiries against former prime ministers Nawaz Sharif and Shahid Khaqan Abbasi, chief ministers Shahbaz Sharif and Qaim Ali Shah, and others in separate cases.

An executive board meeting of the bureau headed by its chairman, retired Justice Javed Iqbal, approved an inquiry against Nawaz and Abbasi for allegedly awarding a 15-year contract for a liquefied natural gas (LNG) terminal against the rules when Abbasi was the petroleum minister in Nawaz's cabinet.

In December 2016, NAB had wrapped up an inquiry conducted for 17 months against Abbasi for his alleged role in awarding a Rs220 billion contract for the import and distribution of LNG in 2013.

The inquiry was stopped despite the fact that it had been proved that the contract had been awarded in a ‘non-transparent manner’.

“After exhaustive discussion it has been decided that it is an ongoing project and any intervention by NAB at this juncture will jeopardise the efforts of provision of LNG from the project of public/national importance. It is, therefore, decided [to close the] inquiry [at] our end,” a document available with Dawn had revealed.

The board on Wednesday also approved an inquiry against the then Sindh Chief Minister Qaim Ali Shah and officials of the provincial culture and tourism department for alleged irregularities in the 2014 Sindh Cultural Festival which caused Rs127 million losses to the national exchequer.

Inquiry against Shahbaz Sharif and others was approved for alleged losses to the national exchequer caused by Chiniot-based Ramzan Sugar Mills.

Several other inquiries against Balochistan provincial ministers, officials of forestry department in Gilgit-Baltistan and others were also approved.

The press release clarified that the bureau was simply initiating investigations against the individuals and that the accused would be heard before any action is taken against them.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Ties with Tehran
Updated 24 Apr, 2024

Ties with Tehran

Tomorrow, if ties between Washington and Beijing nosedive, and the US asks Pakistan to reconsider CPEC, will we comply?
Working together
24 Apr, 2024

Working together

PAKISTAN’S democracy seems adrift, and no one understands this better than our politicians. The system has gone...
Farmers’ anxiety
24 Apr, 2024

Farmers’ anxiety

WHEAT prices in Punjab have plummeted far below the minimum support price owing to a bumper harvest, reckless...
By-election trends
Updated 23 Apr, 2024

By-election trends

Unless the culture of violence and rigging is rooted out, the credibility of the electoral process in Pakistan will continue to remain under a cloud.
Privatising PIA
23 Apr, 2024

Privatising PIA

FINANCE Minister Muhammad Aurangzeb’s reaffirmation that the process of disinvestment of the loss-making national...
Suffering in captivity
23 Apr, 2024

Suffering in captivity

YET another animal — a lioness — is critically ill at the Karachi Zoo. The feline, emaciated and barely able to...