Islamabad: War of words between the Prime Minister of Pakistan Shahbaz Sharif And Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan broke down Twitter On Saturday on the issue of bypassing all procedures of selling assets to foreign countries to prevent Islamabad from defaulting.
In a heated debate on Twitter, hours after the cabinet approved the ordinance, Khan questioned the credibility of the “imported government” for the sale of national assets, Geo News reported.
“How to bring to power a government imported through a US conspiracy led by the crime minister, whose family (PPP co-chair Asif Ali) Zardari has volumes written on his corruption, relied on the sale of national assets.” (and) that too (through) bypassing all procedural (and) legal enquiries.”
As The Express Tribune reports, Pakistan’s cabinet ended regulatory scrutiny, including the applicability of six relevant laws, in a desperate move to protect the country from default through emergency sales of state assets in foreign countries. Can you
These are Companies Act, 2017, Privatization Commission Ordinance, 2000, Public Procurement Regulatory Authority Ordinance, 2002, Public-Private Partnership Authority Act, 2017, Securities and Exchange Commission of Pakistan Act, 1997, Securities Act, 2015 or any other law for this . for the time being in force or in any instrument by virtue of any law other than an ordinance.
Khan accused them of “plundering Pakistan for the past 30 years” and “the current economic slowdown”.
“These thieves should never be allowed to sell our national wealth in a devious manner. The nation will never trust our national wealth,” he wrote.
Meanwhile, responding to the PTI chairman’s tweet, PM Shehbaz said that he is “suffering from memory loss and needs some reminders,” Geo News reports.
He wrote, “One, as reported by Transparency International, corruption increased during his rule. There were even big scams apart from selling transfers/postings.”
“Two, people are paying the price for how they mismanaged the economy,” he said.
Highlighting the third point, he accused Khan of causing “deep hurt” to the country’s global reputation and status and relations with friendly countries, Geo News reported.
“Four, they have lost their sense of balance in their lust for power, as evidenced by their habitual recourse to falsehood, propaganda. [and] Distorting facts,” he wrote on Twitter.
As per the ordinance, no court in the country shall entertain any application, petition or suit against any proceeding or act of sale of property to any foreign entity. However, legal experts say that courts do not accept such an expulsion clause, as reported by The Express Tribune.
The Ordinance states that no court shall grant an injunction or entertain an application for an injunction against any process to be done for any business transaction or settlement.
No suit, prosecution or any other legal proceeding or claim for damages can be made against those who will be involved in selling these properties.
Similarly, no investigating agency, anti-corruption agency, law enforcement agency or court may initiate investigation by any person into a commercial transaction or settlement under the Ordinance for any procedural lapse or irregularity, unless personal money evidence does not exist. Benefit with corroborative evidence of a relationship between such monetary benefit to an unfair advantage provided to any part of the Agreement.
No person shall be prosecuted in his personal capacity for an action taken in his official capacity.
However, sources said the price discovery mechanism could be controversial in the absence of transparency and low stock prices due to the collapse in the Pakistan Stock Exchange, The Express Tribune reports.
In a heated debate on Twitter, hours after the cabinet approved the ordinance, Khan questioned the credibility of the “imported government” for the sale of national assets, Geo News reported.
“How to bring to power a government imported through a US conspiracy led by the crime minister, whose family (PPP co-chair Asif Ali) Zardari has volumes written on his corruption, relied on the sale of national assets.” (and) that too (through) bypassing all procedural (and) legal enquiries.”
As The Express Tribune reports, Pakistan’s cabinet ended regulatory scrutiny, including the applicability of six relevant laws, in a desperate move to protect the country from default through emergency sales of state assets in foreign countries. Can you
These are Companies Act, 2017, Privatization Commission Ordinance, 2000, Public Procurement Regulatory Authority Ordinance, 2002, Public-Private Partnership Authority Act, 2017, Securities and Exchange Commission of Pakistan Act, 1997, Securities Act, 2015 or any other law for this . for the time being in force or in any instrument by virtue of any law other than an ordinance.
Khan accused them of “plundering Pakistan for the past 30 years” and “the current economic slowdown”.
“These thieves should never be allowed to sell our national wealth in a devious manner. The nation will never trust our national wealth,” he wrote.
Meanwhile, responding to the PTI chairman’s tweet, PM Shehbaz said that he is “suffering from memory loss and needs some reminders,” Geo News reports.
He wrote, “One, as reported by Transparency International, corruption increased during his rule. There were even big scams apart from selling transfers/postings.”
“Two, people are paying the price for how they mismanaged the economy,” he said.
Highlighting the third point, he accused Khan of causing “deep hurt” to the country’s global reputation and status and relations with friendly countries, Geo News reported.
“Four, they have lost their sense of balance in their lust for power, as evidenced by their habitual recourse to falsehood, propaganda. [and] Distorting facts,” he wrote on Twitter.
As per the ordinance, no court in the country shall entertain any application, petition or suit against any proceeding or act of sale of property to any foreign entity. However, legal experts say that courts do not accept such an expulsion clause, as reported by The Express Tribune.
The Ordinance states that no court shall grant an injunction or entertain an application for an injunction against any process to be done for any business transaction or settlement.
No suit, prosecution or any other legal proceeding or claim for damages can be made against those who will be involved in selling these properties.
Similarly, no investigating agency, anti-corruption agency, law enforcement agency or court may initiate investigation by any person into a commercial transaction or settlement under the Ordinance for any procedural lapse or irregularity, unless personal money evidence does not exist. Benefit with corroborative evidence of a relationship between such monetary benefit to an unfair advantage provided to any part of the Agreement.
No person shall be prosecuted in his personal capacity for an action taken in his official capacity.
However, sources said the price discovery mechanism could be controversial in the absence of transparency and low stock prices due to the collapse in the Pakistan Stock Exchange, The Express Tribune reports.