LIVE: Sindh News Online SN TV

  • Trending
  • Comments
  • Latest
PIA plane crash: Punjab CM meets family of martyred pilot

PIA plane crash: Punjab CM meets family of martyred pilot

May 24, 2020
PIA plane crash: Investigation team finds engine scratch marks on runway

PIA plane crash: Investigation team finds engine scratch marks on runway

May 24, 2020
Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

November 11, 2020

Lady Gaga Pulled Off One of the Best Halftime Shows Ever

0

Barack Obama’s Now Mainly Focusing on Wearing This Casual Backwards Hat

0

Watch Justin Timberlake’s ‘Cry Me a River’ Come to Life in Mesmerizing Dance

0
All eyes on SC’s historic hearing on suo motu notice: Fawad

All eyes on SC’s historic hearing on suo motu notice: Fawad

May 19, 2022
Omar Cheema moves IHC against his removal as Governor Punjab

Omar Cheema moves IHC against his removal as Governor Punjab

May 19, 2022
SC bars govt from transferring officers investigating high-profile cases

SC bars govt from transferring officers investigating high-profile cases

May 19, 2022

Follow Us

  • 116 Followers
  • 27.7k Followers
  • 174k Subscribers
  • 651 Followers

Most Popular

PIA plane crash: Punjab CM meets family of martyred pilot

PIA plane crash: Punjab CM meets family of martyred pilot

May 24, 2020
PIA plane crash: Investigation team finds engine scratch marks on runway

PIA plane crash: Investigation team finds engine scratch marks on runway

May 24, 2020
Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

November 11, 2020
COAS visits LoC, says Army celebrating Eid-ul-Fitr in solidarity with Kashmiris under lockdown

COAS visits LoC, says Army celebrating Eid-ul-Fitr in solidarity with Kashmiris under lockdown

May 24, 2020
Online Tribute paid to famous Sindhi Fiction writer and Novelist Ali Baba on eve of his Birthday

Online Tribute paid to famous Sindhi Fiction writer and Novelist Ali Baba on eve of his Birthday

July 26, 2020
Social activist and journalist Shaheena Shaheen shot dead in Turbat

Social activist and journalist Shaheena Shaheen shot dead in Turbat

September 5, 2020
Load More
  • URDU
  • SINDHI
Monday, August 8, 2022
  • Login
Sindh News Online
  • Home
  • News
    • All
    • Business
    • Pakistan
    • Politics
    • Science
    • World
    All eyes on SC’s historic hearing on suo motu notice: Fawad

    All eyes on SC’s historic hearing on suo motu notice: Fawad

    Omar Cheema moves IHC against his removal as Governor Punjab

    Omar Cheema moves IHC against his removal as Governor Punjab

    SC bars govt from transferring officers investigating high-profile cases

    SC bars govt from transferring officers investigating high-profile cases

    Pakistani soldiers sacrificed their lives for protection of motherland: COAS

    Pakistani soldiers sacrificed their lives for protection of motherland: COAS

    CJP takes suo motu notice of govt’s interference in investigative institutions

    CJP takes suo motu notice of govt’s interference in investigative institutions

    Punjab govt reduces price of 10kg flour bag to Rs 490

    Punjab govt reduces price of 10kg flour bag to Rs 490

    Pakistan calls for united action to tackle challenge of food security

    Pakistan calls for united action to tackle challenge of food security

    Bilawal meets US counterpart, discusses bilateral ties

    Bilawal meets US counterpart, discusses bilateral ties

    Women suicide bombers being prepared, Balochistan govt reveals

    Women suicide bombers being prepared, Balochistan govt reveals

    PM desires further deepening of Pakistan-EU cooperative ties

    PM desires further deepening of Pakistan-EU cooperative ties

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech
    • All
    • Apps
    • Gear
    • Mobile
    • Startup
    Minar-e-Pakistan incident: 66 people arrested through geo-fencing, face matching

    Minar-e-Pakistan incident: 66 people arrested through geo-fencing, face matching

    Google marks Pakistan’s Independence Day with Khojak Tunnel doodle

    Google marks Pakistan’s Independence Day with Khojak Tunnel doodle

    US elections: Facebook, Twitter introduce new measures to battle misinformation

    US elections: Facebook, Twitter introduce new measures to battle misinformation

    Trump order limits Chinese internet giants TikTok, WeChat from operating in US

    Trump order limits Chinese internet giants TikTok, WeChat from operating in US

    US ‘certainly looking at’ banning Chinese social media apps, including Tik Tok: Pompeo

    US ‘certainly looking at’ banning Chinese social media apps, including Tik Tok: Pompeo

    5G: Singapore telcos pick Nokia, Ericsson over Huawei

    5G: Singapore telcos pick Nokia, Ericsson over Huawei

    Twitter tests feature asking you to open article before retweeting

    Twitter tests feature asking you to open article before retweeting

    George Floyd protests: Google postpones Android 11 beta launch

    George Floyd protests: Google postpones Android 11 beta launch

    TikTok India responds to criticism over controversial video glorifying acid attacks

    TikTok India responds to criticism over controversial video glorifying acid attacks

    Facebook says it removed huge number of violent, hate-speech filled posts

    Facebook says it removed huge number of violent, hate-speech filled posts

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Pak vs Aus: Usman Khawaja eyes 200, Australia 332-4 in Karachi Test

    Pak vs Aus: Australia wins toss, decides to bat first against Pakistan in final Test battle

    Pak vs Aus: Usman Khawaja eyes 200, Australia 332-4 in Karachi Test

    Pak vs Aus: T20I, ODI matches shifted from Rawalpindi to Lahore

    Pak vs Aus: PCB may move T20I, ODIs to Lahore as pressure mounts in capital

    Pak vs Aus: PCB may move T20I, ODIs to Lahore as pressure mounts in capital

    Pak vs Aus: Usman Khawaja eyes 200, Australia 332-4 in Karachi Test

    Pak vs Aus: Usman Khawaja eyes 200, Australia 332-4 in Karachi Test

    Cricket Australia’s Nick Hockley shows interest in hosting tri-series involving India, Pakistan

    India Women team crushes Pakistan in opening World Cup game

    India Women team crushes Pakistan in opening World Cup game

    Rawalpindi Test 2nd day: Confident Pakistan bat against Australia

    Rawalpindi Test 2nd day: Confident Pakistan bat against Australia

    Peshawar blast: Australia coach Andrew McDonald says team in ‘really, really good hands’

    Australia cricket legend Shane Warne dead aged 52

    Australia cricket legend Shane Warne dead aged 52

    Nation praying for Babar and team’s victory: Ch Fawad

    Nation praying for Babar and team’s victory: Ch Fawad

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Coronavirus positivity rate drops further in Pakistan

    Pakistan reports 76 coronavirus cases, no deaths in 24 hours

    Coronavirus kills 35 Pakistanis, infects 1,226 in one day

    Pakistan reports 238 coronavirus cases, no deaths in 24 hours

    Pakistan reports 723 coronavirus cases, 7 deaths in 24 hours

    Pakistan reports no deaths from coronavirus as fifth wave fades away

    Pakistan reports 723 coronavirus cases, 7 deaths in 24 hours

    Pakistan reports 186 coronavirus cases, one death in 24 hours

    Pakistan reports 723 coronavirus cases, 7 deaths in 24 hours

    Pakistan reports 310 coronavirus cases, 5 deaths in 24 hours

    Pakistan reports no new COVID-19 deaths for first time since start of pandemic

    Pakistan reports no new COVID-19 deaths for first time since start of pandemic

    China weighs exit from ‘zero COVID’ and the risks involved

    China weighs exit from ‘zero COVID’ and the risks involved

    Pakistan reports 514 coronavirus cases, 2 deaths in 24 hours

    Pakistan reports 514 coronavirus cases, 2 deaths in 24 hours

    Pakistan reports lowest coronavirus deaths in over two months

    Pakistan reports lowest coronavirus deaths in over two months

    Daily COVID-19 report: Pakistan logs lowest number of deaths since Jan 11

    Daily COVID-19 report: Pakistan logs lowest number of deaths since Jan 11

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Video
No Result
View All Result
Sindh News Online
No Result
View All Result
ADVERTISEMENT
Home Breaking News

Accountability court acquits Raja Pervez Ashraf in Rental Power Plant reference

by admin
June 25, 2020
in Breaking News, News, Pakistan
0
Accountability court acquits Raja Pervez Ashraf in Rental Power Plant reference
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

ISLAMABAD: (Web Desk) An accountability court acquitted former prime minister Raja Pervez Ashraf in the Rental Power Plant reference on Thursday.

The accountability court hearing the reference against Ashraf and other suspects had reserved its judgment in the case during the last hearing. The court announced that it had accepted the former prime minister’s acquittal plea in the case.

Ashraf was charged by NAB on three counts in the Rs22 billion scam. The ex-premier has maintained throughout that he did not cause any loss to the national exchequer and had not indulged in any corruption.

The Karkey Karadeniz Elektrik Uretin (KKEU) was one of 12 rental power companies that had been awarded contracts by the PPP government in 2008-09 to ‘resolve’ the power crisis.

The company failed to provide the required electricity and then it moved the International Centre for Settlement of Investment Disputes (ICSID) which imposed a $1.2 billion penalty on Pakistan in 2017, which is now amicably resolved.

Due to Turkish President Recep Tayyip Erdogan’s intervention, the fine worth $1.20 billion imposed on Pakistan was waived.

The cabinet had said that Pakistani officials involved in the Karkey Rental case have pleaded guilty.

Ashraf was the federal minister for power and water at the time of the 2009 agreement. He was later elected as the country’s premier. Former secretary power and water, Shahid Rafi, was also arrested a few days in connection with the case.

The PPP government had entered into an agreement with Turkey to provide electricity in 2009 and awarded the contract to nine RPP firms (both local and international) for the purpose.

The Pakistan Electric Power Company (Pepco) working under the ministry of power and water, signed a contract worth $564.6 million with a Turk company ‘Karkey’.

Under the agreement, a rental power project was installed in Karachi to supply 231 MW electricity to PEPCO. However, the rental project failed to do so, given the fact the electricity was turning out to be costly to the country as the government had to pay $9.4 million monthly to the Turkish company.

On an application filed at the Supreme Court by the then PML-Q leader Faisal Saleh Hayat and PML-N leader Khawaja Asif, the court held the contract with the Turk company as null and void as there was no transparency maintained in it. The contract was guaranteed by the government of Pakistan, which stirred the Turk company to move the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) over breach of the agreement. Pakistan lost the case in 2017 and was ordered to pay a total amount of approximately US$780 million (the “Award”), which carried an approximate monthly interest of US$ 5.5 million.

Tags: Accountability courtRaja Pervez Ashraf
Share197Tweet123Share49
admin

admin

LIVE: Sindh News Online SN TV

  • Trending
  • Comments
  • Latest
PIA plane crash: Punjab CM meets family of martyred pilot

PIA plane crash: Punjab CM meets family of martyred pilot

May 24, 2020
PIA plane crash: Investigation team finds engine scratch marks on runway

PIA plane crash: Investigation team finds engine scratch marks on runway

May 24, 2020
Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

November 11, 2020

Lady Gaga Pulled Off One of the Best Halftime Shows Ever

0

Barack Obama’s Now Mainly Focusing on Wearing This Casual Backwards Hat

0

Watch Justin Timberlake’s ‘Cry Me a River’ Come to Life in Mesmerizing Dance

0
All eyes on SC’s historic hearing on suo motu notice: Fawad

All eyes on SC’s historic hearing on suo motu notice: Fawad

May 19, 2022
Omar Cheema moves IHC against his removal as Governor Punjab

Omar Cheema moves IHC against his removal as Governor Punjab

May 19, 2022
SC bars govt from transferring officers investigating high-profile cases

SC bars govt from transferring officers investigating high-profile cases

May 19, 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Whatsapp: 0337 0359958

© 2020 Sindh News Online. Ali Zafar Awan (CEO) 0317 4282208, Director News: Sadar ud din Jokhio. Web Development Company Cyber Design

No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

© 2020 Sindh News Online. Ali Zafar Awan (CEO) 0317 4282208, Director News: Sadar ud din Jokhio. Web Development Company Cyber Design

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In