Addressing parliament soon after his election as Prime Minister, Abbasi yesterday rejected any wrongdoing in the LNG project. "I am available here and anywhere for discussion on this issue," he said.
Abbasi, the former minister for petroleum and natural resources, was a principal suspect in the inquiry conducted by the National Accountability Bureau (Karachi) for 17 months.
The NAB closed the case in its regional board meeting held on December 19, 2016 on merit, the Dawn quoted a bureau spokesman as saying.
A document available with the paper showed that in the meeting the Karachi NAB director general said, "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."
However, the document said that in the same meeting it was unveiled that "during the inquiry proceeding it has been established that management of Inter State Gas Systems (ISGS) and Sui Southern Gas Company Limited (SSGCL), in non- transparent manner, selected M/s Engro as a successful bidder for LNG terminal at port Karachi".
The government authorised the Pakistan State Oil to procure LNG on behalf of the SSGCL.
The Pakistan Tehreek-i-Insaf has decided to file a petition in the Supreme Court against Abbasi.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
