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Punjab govt decides to close down unnecessary companies out of 56

Punjab govt decides to close down unnecessary companies out of 56
February 3, 2020
ISLAMABAD (92 News) – The Punjab government decided to close down unnecessary companies out of 56 which were made by the previous government as the advocate general told the Supreme Court about decision of the government on Monday. A three member bench of the top court heard case pertaining to irregularities in 56 Punjab companies. During the hearing, Chief Justice of Pakistan (CJP) Gulzar Ahmed asked why these companies have not been closed yet. To reply, the advocate general told that 37 out of 56 companies are benefiting the people and he also informed the court regarding decision of the provincial government. “You are trying to follow East India strategy and directed to resolve the issue now. The government should perform its duties with responsible attitude,” CJP Gulzar remarked. Later, the court directed to resolve the matter as soon as possible and the hearing adjourned for one month. Earlier, the National Accountability Bureau (NAB) has submitted a report on alleged corruption of 56 companies to the Supreme Court. Despite holiday on Sunday, the NAB authorities remained in the office to receive the record. As many as 39 companies submitted the partial record. The NAB has declared 17 companies as dysfunctional.