Businessmen rights to be fully protected: NAB Chairman

Staff Reporter


Chairman National Accountability Bureau (NAB) Justice (R) Javed Iqbal here on Tuesday assured the business community to protect the rights of all those who were running their businesses honestly, legally and in the larger interest of Pakistan and its economic development.
Addressing the traders and businessmen here at Islamabad Chamber of Commerce and Industry (ICCI), he said that the business community was playing a pivotal role in the economic development of the country, besides providing jobs to millions of skilled and semi-skilled labor force in the country.
He said that the business community was facing different issues like electricity, gas and water, adding that these issues would be addressed with the passage of the time as the nation was determined to overcome all such challenges.
He said that prosperity and development of the country was directly linked with the progress and development of the business community of the country, adding that NAB would protect their rights and never harass any one.
Javed Iqbal informed that so far NAB had received 39,728 complaints, out of which 1,499 complaints were pending, while 764 inquires were initiated, whereas 174 investigations were also in progress besides 170 references were worked out in order to eliminate the menace of corruption from the country.
The NAB has recovered Rs 297 billion embezzled money from different people, adding that it was a substantial amount for an economy facing different challenges for the development and prosperity of its people.
He said that the NAB had received some complaints that the business community was feeling depressed due to the action taken by the Authority during last days against some housing societies, adding that the action was taken against those housing societies, which had received money from the poor people including widows, orphans, elderly and promised them to provide their plots on time.
The Chairman said that NAB had recovered Rs 85 billion from the owners of housing societies and distributed among affected people of Lahore, Quetta and Multan.
He said that no one would be allowed for robbing the money from the poor people and take a chartered flight for Canada and US.
He said that NAB would chase them to any part of the world and would bring the looted money back to Pakistan, adding that the Accountability Bureau would ensure accountability across the board.
He said that Pakistan was indebted with $ 100 billion and the debt was taken for the development of the country, adding that the money was not spent on the development of the country and it was the responsibility of the NAB to inquire about the borrowed money.
The NAB Chairman stressed the need for strict legislation against corruption and expressed the hope that the new government would pay special focus to eradicate the menace of corruption from the country and fast track economic development.
Replaying to a question , he said that strict action would be taken against all the concern officials of Capital Development Authority involved in encouraging the encroachment and asked the businessmen to send a simple application against tax officials who were harassing them.

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