Tuesday, August 16, 2022

Hussain Asghar to head debt probe commission: sources

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ISLAMABAD: Deputy Chairman National Accountability Bureau (NAB) and former police officer Hussain Asghar to chair inquiry commission to find out facts behind soaring of loans in the last 10 years, citing sources, ARY News reported on Tuesday.

The development comes after the federal cabinet gave approval to his name.

Sources said several names including Shoaib Suddle, the former Director Intelligence Bureau (IB), IG Sindh was also under consideration, but Asghar’s name was finalised for the spot.

Prime Minister Imran Khan said the commission will be empowered and will work without any political influence.

Yesterday, the premier had chaired a high-level meeting of the government spokespersons in Islamabad to take them into confidence over the name of the high-powered probe commission chief.

During the meeting matters related to soaring loans in the last 10 years worth Rs24, 000 billion and other matters came into consideration.

PM was also briefed about the hands involved behind the hoarding of the US dollars, which is resulting in the devaluation of Pakistani rupee.

Read more: PM Imran announces to establish high-powered probe commission

On June 11, Prime Minister Imran Khan had announced to establish a high-powered commission under his supervision to find out facts behind soaring of loans to Rs24,000 billion in last 10 years.

The commission would be comprised of officials from Inter-Services Intelligence (ISI), National Accountability Bureau (NAB), Federal Investigation Agency (FIA), Securities and Exchange Commission of Pakistan (SECP) and Federal Board of Revenue (FBR), he had said.

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