The National Accountability Bureau (NAB) is creating hurdles in the implementation of some of the federal cabinet’s decisions, a report presented to Prime Minister Imran Khan has revealed, Express Tribune reported.
According to the details, the report reveals that the federal cabinet had decided to hold talks with the LNG terminal firms in its meeting held in October last year and the Ministry of Finance and Petroleum had to talk with these companies on profit rates.
However, these talks could not move forward because NAB is holding an inquiry against an LNG terminal company and they have to wait while the inquiry is underway.
The report also said that all the LNG terminals are fully functional right now and any action can disturb the situation.
After the consultation, the federal cabinet decided that the talks with the LNG terminal companies should be postponed till the completion of the inquiry.
The federal cabinet in a recent meeting had proposed to reopen agreements with LNG companies, however, Minister of Law Farogh Naseem opposed the proposal and said that new investors will hesitate to invest if the agreements were reopened.
