MD Pasco Arrested:
FIA arrested 7 suspects including managing director Pasco involved in the wheat scandal. According to the spokesperson of FIA, after the Anti-Corruption Circle Lahore registered a case for large-scale irregularities in the sale of Pasco wheat, former MD Pasco Saeed Ahmad Nawaz, General Manager Commercial Shahid Ibrahim, General Manager Commercial Imran Nazir. Zonal Head Iftikharuddin, Buyer Saeed and Nasir Ali have been arrested. According to the FIA spokesperson, the Prime Minister’s Inspection Commission had given the task of investigating the flood-affected wheat tenders to the FIA. In Balochistan, 40 thousand metric tons of Pasco wheat were affected.
The spokesman said that PASCO had issued a tender in June 2023 for the sale of flood-affected wheat, contrary to the terms and conditions, the tender gave an illegal discount of 10% to the buyers in the form of a performance guarantee, only Rs 39 million from the change in the terms and conditions. Collected in the government treasury. The FIA spokesperson added that as per the rules Rs 276 million were to be deposited in the exchequer, and the accused caused a loss of around Rs 236 million to the exchequer.
