Who Owns Pakistan - Yimg
Who Owns Pakistan - Yimg
Who Owns Pakistan - Yimg
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Sixteen acres of land at Shakarparian in Islamabad was alloted to<br />
Messers Inter Pak Hotels in which Asif Zardari's brother in law had<br />
an interest, for construction of hotel, as a joint venture with CDA.<br />
The land was valued at Rs 310 million of which allottee was<br />
required to pay Rs 10 million while Rs 150 million was to be treated<br />
as CDA equity and balance Rs 150 million was to be paid in<br />
installments over ten years period.<br />
As in her previous stint, this time also Benazir Bhutto was accused<br />
of irregularities in award of quota for 190 tons of Liquefied<br />
Petroleum Gas (LPG) involving a daily profit of Rs 16,72,000 or Rs<br />
582 million per annum to four favorites. According to an article in<br />
The Friday Times, Senator Gulzar who was given quota of 30 tons<br />
per annum in 1988-90 was awarded a quota of 50 tons yielding him<br />
of an income of Rs 4,40,000 per day or Rs 160 crore (1600 million)<br />
per annum. LPG which was to become available in September<br />
1997 (350 tons) and September 1998 (35 tons) was allocated to<br />
him in anticipation.<br />
One single firm ARY Trading was given monopoly for import of<br />
gold. Hussain Lawai, President Muslim Commercial Bank who was<br />
allegedly involved in the deal had to tender his resignation from the<br />
Bank, was arrested by FIA, allowed to leave <strong>Pakistan</strong> and is now<br />
living with owner of ARY Trading in Dubai.<br />
Two Swiss firms were given the contract for pre-shipment<br />
inspection of imports for which they were paid Rs 5 billion per<br />
annum. It was because of the commission paid by these companies<br />
that Bhutto family accounts in Switzerland were seized.<br />
Of all charges against Benazir, only one case relating to commission and<br />
cutbasks in award of gold monopoly to ARY Traders has been registered against<br />
Benazir Bhutto so far.<br />
134