National Accountability Bureau (NAB) Chairman Lt Gen (retd) Nazir Ahmed said on Wednesday that the government will introduce new real estate reforms within the next two months to improve regulations in the sector.
Speaking during an informal media briefing, he said authorities will present the reforms to the federal cabinet for approval. He added that the government will abolish the existing file system once the reforms come into effect.
The NAB chief said the new policy will place full responsibility on real estate developers.
He also confirmed that NAB is still pursuing cases against members of parliament but no longer issues press releases about such cases.
Ahmed said NAB has referred several cases to the Federal Investigation Agency and provincial anti-corruption departments. He stressed that authorities should treat suspects with the same respect as investigators.
“The current NAB does not agree with what NAB did in the past,” he said.
Criticising a recent report by the International Monetary Fund, he called it “baseless” and said the IMF never gives a clean chit to any country.
Last year, the IMF’s Governance and Corruption Diagnostic Assessment warned that corruption and weak institutions continue to affect Pakistan’s economic progress, despite some stability under the Extended Fund Facility programme.
Ahmed also questioned the credibility of Transparency International, asking about its funding and survey methods. “How can a survey of the whole country be done with only 800 people?” he said.
Highlighting NAB’s performance, he claimed the bureau made record recoveries in the past three months. He clarified that NAB deposited all recovered money into the federal consolidated fund and did not keep any funds itself.
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