Miscellaneous petition filed in LHC against status of 56 Punjab companies
The plaintiff has requested the court to hear the matter on priority basis
LAHORE (Dunya News) – A miscellaneous petition on Wednesday has been filed in Lahore High Court (LHC) to declare setting up of 56 Punjab companies as illegal in presence of local government system.
According to details, the plaintiff has requested the court to hear the matter on priority basis and also demanded to remove those members of Punjab Assembly who are involved in the case.
It is to be mentioned here that Dunya News Investigation Wing had unearthed mammoth irregularities worth over Rs80 bn in financial matters of 56 companies formed by Punjab government.
Punjab government had constituted 56 companies under guise of good governance and registered them under Article-42 of Companies Ordinance 1984. Punjab Chief Minister Shehbaz Sharif was inspired by the Turkish model and therefore summoned analysts from the same.
While deliberately turning a blind eye towards similar local companies operating in Pakistan, Sharif-led Punjab govt awarded dozens of contracts to Turkish conglomerates on hefty paybacks.
Before formation of these companies, 113970 employees were working in different departments across Punjab and the figure augmented to 157500 following arrival of Turkish corporations.
