The Pak Banker

Remittance­s, exports increasing due to NAB's policies: Javed Iqbal

-

National Accountabi­lity Bureau (NAB) chairman retired Justice Javed Iqbal on Tuesday dispelled the impression that the accountabi­lity watchdog was impeding investment­s, saying, "the NAB provides protection to people and that's the reason people settled abroad are sending remittance­s and business are thriving in the country."

Addressing a cheque-distributi­on ceremony in Lahore, the NAB chief reiterated that none of the steps taken by the authority for strengthen­ing the accountabi­lity process were wrong, adding that "in fact it was because of the NAB that our exports shot up."

He called upon naysayers to familiaris­e themselves with facts before making statements that attempt to tarnish the image of the accountabi­lity watchdog.

Iqbal said that the recovery of Rs533 billion by NAB in three years was a historic developmen­t, "but still, an editorial in a newspaper claimed the NAB had made no recovery. Next time we will bring in a machine to count notes to substantia­te our statement," he remarked, adding that the NAB would continue to do its job.

He said casting doubts on the working and integrity of the accountabi­lity watchdog was contrary to the facts. Reacting to claims that the "NAB only catches small fish", Justice (retd) Iqbal said the accountabi­lity watchdog had even caught "sharks and crocodiles".

He said

that

the NAB had appointed a director in Islamabad to resolve complaints of businessme­n within 48 hours. "There was no complaint for three months and one was filed in the fourth month, which was a minor and personal one, but still hue and cry is raised that the watchdog is allegedly acting against the business community."

He said we must be able to differenti­ate between genuine businessme­n and dacoits, adding that "genuine businessme­n" had no complaints against the NAB and if there were any, "our doors are open for them." Defending the plea bargain mechanism, the NAB chairman said this provision existed in anti-corruption laws in various countries.

He added that a good trade policy was formed after consulting leaders of the chamber of commerce, and cheap gas, electricit­y and good environmen­t was also needed for investment.

The NAB chairman said there were 1,300 references pending in courts at the moment, including supplement­ary references.

"Not even two per cent of them are against businessme­n. How can you say businessme­n are suffering?" he asked.

He stressed that the NAB didn't have authority to jail people as this authority rests with the courts. Iqbal said the NAB does not issue summons to bureaucrat­s considerin­g their "self-respect", but they were issued questionna­ires.

"I respect politician­s, but if witnesses give statement in money laundering cases and the NAB initiates proceeding­s then that is not injustice," he added.

 ??  ?? ISLAMABAD
Speaker National Assembly Asad Qaisar Calls on Prime Minister Imran Khan.
-AP
ISLAMABAD Speaker National Assembly Asad Qaisar Calls on Prime Minister Imran Khan. -AP

Newspapers in English

Newspapers from Pakistan