SC forms body to oversee disbursement, utilisation of developer’s funds - News Summed Up

SC forms body to oversee disbursement, utilisation of developer’s funds


ISLAMABAD: To implement Bahria Town’s Rs460 billion offer for the formal acquisition of thousands of acres of land in Malir, the Supreme Court on Tuesday formed a high-powered commission to oversee the disbursement and utilisation of funds deposited by the real estate giant. The chairman will be nominated by the Chief Justice of Pakistan, the order said. One person each will be nominated as a member of the commission by the Sindh governor and chief minister. The attorney general for Pakistan and the attorney general for Sindh will also be included in the body. “All projects undertaken, and being undertaken by the commission shall be subject to a regular audit in terms of standard operating procedures to be established by the commission.


Source: Pakistan Today October 20, 2020 09:22 UTC



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