PPP petitions NAB against the award of construction contract of Mohmand Dam to Descon

A petition has been filed in the National Accountability Bureau (NAB) by the Pakistan People’s Party (PPP) against the award of contract for the Mohmand Dam’s construction to a company in which a sitting cabinet member and his family have the ownership stakes.

On January 2, the federal government of Pakistan Tehreek-e-Insaf (PTI) announced that the contract of the Rs309 billion for the construction of Mohmand Dam was awarded to a consortium led by Descon, a company formerly owned by Adviser to the PM on Commerce Abdul Razak Dawood on a single-bid basis.

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Although an advisor to the PM said he had “resigned” from all offices he held in Descon before his appointment as an adviser to the Prime Minister, he and his family members continue to hold ownership stakes in the company.

A joint venture of China Gezhouba, Descon and Voith Hydro was awarded the contract, of which China Gezhouba has a 70 per cent share, while Descon and Voith have a combined 30pc share.

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