Islamabad [Pakistan]: Pakistan Prime Minister Imran Khan's government has delayed the issuance of notification regarding the formation of the inquiry committee on the Broadsheet issue, said a senior cabinet member to The Express Tribune on Sunday.
The controversy is related to the payment of interest that rose to USD 10 million. In March 2019, the London Court of International Arbitration (LCIA) gave a USD 20 million final award in the Broadsheet case. However, the National Accountability Bureau (NAB)/Imran-led government did not pay that amount and due to interest, the award amount rose to USD 28.7 million by December 2020.
The opposition as well as some lawyers have said that the government should give an explanation on USD 8 to 10 million interest which had been added to the award payment. The country faced USD 5,000 interest daily in the Broadsheet case, reported The Express Tribune.
Earlier, the debit of billions of rupees from the Pakistan High Commission in the UK accounts also caused friction between the NAB and the Foreign Office, as the later demands of the former to remit its amount (USD 235,000) to the high commission at the earliest.
During an inter-ministerial meeting three weeks ago, a senior Foreign Office official stated that the NAB should take responsibility for the matter and must reply to this embarrassment, reported The Express Tribune.
During the meeting, according to sources, the Foreign Office official posed three questions to the NAB director general -- Firstly, when would the amount be transferred to the Pakistan High Commission in London; secondly, why authorisation was issued to the Pakistan High Commission to pay the amount; and thirdly, why should the NAB not pay the bill for the new legal proceedings on the issue. However, the NAB official had sought time to consult his seniors in this regard.
Earlier this week, the federal cabinet had ordered the inquiry, headed by a former judge of the Supreme Court or a high court, to examine the circumstances relating to the Broadsheet agreement and subsequent arbitration proceedings and present its report and recommendation in 45 days, reported The Express Tribune.