PM rejects resignation of General Bajwa over corruption allegations involving family businesses

CPEC Chairman Gen. Asim Bajwa, left, during a meeting with Pakistan Prime Minister Imran Khan in Islamabad on Sept. 4, 2020. (Photo courtesy: @PakPMO/Twitter)
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Updated 05 September 2020
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PM rejects resignation of General Bajwa over corruption allegations involving family businesses

  • Bajwa says will step down as PM Khan’s special assistant on information but continue as chairman of China-Pakistan Economic Corridor Authority
  • A week ago a data journalism website alleged that retired Lt Gen Asim Saleem Bajwa had used his offices to set up off-shore businesses for his wife, sons and brothers

ISLAMABAD: Pakistani Prime Minister Imran Khan has declined to accept the resignation of retired Lt Gen Asim Saleem Bajwa, a senior member of the ruling Pakistan Tehreek-i-Insaf party said on Friday, a week after a Pakistani website reported that the retired general had used his offices to set up off-shore businesses for his wife, sons and brothers.
On Thursday night, Bajwa announced that he was stepping down as the prime minister’s special adviser on information but would remain chairman of the authority that oversees energy and infrastructure projects under the $60 billion China-Pakistan Economic Corridor (CPEC).
“Prime Minister Imran Khan has decided not to accept resignation of @AsimSBajwa from SAPM (Info & Broadcasting) post and has given instructions to continue working,” Senator Faisal Javed Khan, a member of Khan’s ruling Pakistan Tehreek-i-Insaf party and Chairman Senate Standing Committee on Information and Broadcasting, said in a tweet. 

 

 

Before retirement from the military, Bajwa served in many powerful positions, including as head of the army’s media wing.
“I strongly rebut the baseless allegations levelled against me and my family,” he said in a tweet. “I have and will always serve Pakistan with pride and dignity.”

 

 

Speaking on a current affairs show on Geo News, Bajwa said he would hand in his resignation for the post of special aide on information to Prime Minister Khan today, Friday, but would continue working as CPEC Authority chairman.
“I hope that the prime minister will allow me to concentrate all my focus on CPEC,” Bajwa said.
The report on Bajwa’s family assets, published on data journalism website FactFocus and backed by a data dump of company documents, said Bajwa’s younger brothers opened their first Papa John’s pizza restaurant in the United States in 2002, the year he, as lieutenant colonel, started working on the staff of military ruler General Pervez Musharraf.
The general’s brother Nadeem Bajwa, the website alleged, had started working as a delivery driver for the restaurant franchise but now Nadeem, his other brothers and Bajwa’s wife and sons, owned a business empire with 99 companies in four countries, including a pizza franchise with 133 restaurants worth an estimated $39.9 million.
The report said the Bajwa family companies spent an estimated $52.2 million to develop their businesses and $14.5 million to purchase properties in the United States.
The news report also said Bajwa’s wife Farrukh Zeba had been a shareholder in all foreign businesses of the group from the start and at present was associated with or a shareholder in 85 companies, including 82 foreign companies. The estimated current net worth of businesses and properties jointly owned by Zeba stood at $52.7 million, according to the website.
In his statements of assets and liabilities signed in June when he took over as special assistant to the prime minister, Bajwa had declared an investment of $18,468 in his wife’s name and said the couple had no “immovable property” outside Pakistan.
The government has not commented yet if it will seek action or an investigation into the allegations against Bajwa but the official Twitter account of Khan’s ruling Pakistan Tehreek-i-Insaf party tweeted on Friday: “We are proud of PM Imran Khan’s SAPM @AsimSBajwa for providing a befitting response to the critics.”

 

 

Imran Khan Khan won power in 2018 vowing to root out corruption among what he cast as a venal elite but the focus of the country’s national anti-corruption authority (NAB) so far on the government’s political foes has prompted accusations it is a one-sided purge. The government denies this.
Since Khan assumed power in August 2018, NAB has continued investigating jailed former Prime Minister Sharif, who has alleged a hidden hand is behind many of the anti-corruption cases against his family. Sharif’s third term as prime minister ran from 2013 to 2017, when he was removed the Supreme Court amid revelations over his personal wealth. He was subsequently convicted of corruption.
Fresh probes have also been opened involving Sharif’s brother, daughter and many of his closest allies, including at least eight ministers from the previous government. They all deny wrongdoing and say they are victims of persecution.


Pakistan raises fuel prices by Rs55 per liter as Middle East conflict drives oil surge

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Pakistan raises fuel prices by Rs55 per liter as Middle East conflict drives oil surge

  • Government says adequate fuel stocks in place despite global energy shock
  • Oil prices jump from about $78 to over $106 per barrel amid regional conflict

ISLAMABAD: Pakistan on Friday increased petrol and diesel prices by Rs55 ($0.20) per liter each as escalating conflict in the Middle East sent global oil prices sharply higher and disrupted energy supply routes, officials said.

Global oil markets have been rattled since coordinated strikes by the United States and Israel against Iran began last week, triggering retaliatory attacks across the region, raising fears of disruption to key energy shipping routes and pushing petroleum prices sharply upward.

The price adjustment in Pakistan was announced after a joint press conference by Finance Minister Muhammad Aurangzeb, Deputy Prime Minister and Foreign Minister Ishaq Dar and Petroleum Minister Ali Pervaiz Malik, who said the government was monitoring international energy markets and domestic supply conditions amid the crisis.

“So, the decision we have made by changing the levy a little bit is that we are going ahead with increasing the price of both fuels, petrol and diesel, by Rs55 ($0.20),” Malik told reporters. 

“And as soon as this matter settles, we will revise the prices downward with the same speed and take steps on how to increase people’s income and purchasing power.”

He said Pakistan entered the crisis with “comfortable energy reserves” due to earlier planning but rising global prices had forced the government to adjust domestic fuel rates to maintain supply continuity.

He said international petrol prices had climbed from roughly $78 per barrel on March 1 to around $106.8 per barrel, while diesel prices had risen to about $150 per barrel.

Malik added that the government had taken steps to minimize the burden on consumers, noting diesel plays a critical role in agriculture, transportation and public mobility.

Malik also warned that authorities would take strict action against anyone attempting to hoard fuel or manipulate supply for profiteering.

The minister said Pakistan was working with international partners to secure additional energy supplies, including arrangements with Saudi Aramco and the use of Pakistan National Shipping Corporation vessels to transport crude oil imports.

Finance Minister Aurangzeb said a high-level government committee formed by Prime Minister Shehbaz Sharif had been meeting daily to review developments in global petroleum markets and their potential impact on Pakistan’s economy.

“Pakistan currently maintains adequate energy stocks and macroeconomic stability,” Aurangzeb said, adding that the government’s response was based on preparedness rather than panic.

He said the committee, which includes senior ministers, the governor of the State Bank of Pakistan and other officials, was assessing short-, medium- and long-term implications of the crisis for inflation, foreign exchange reserves and broader economic indicators.

Deputy PM Dar said the regional conflict had significantly disrupted global energy markets, with international petroleum prices rising by as much as 50–70 percent in recent days.

The deputy prime minister added that Pakistan was also engaged in diplomatic efforts aimed at de-escalating tensions and restoring stability in the region.

Petroleum prices will now be reviewed more frequently, potentially on a weekly basis, and any reduction in global oil prices would be passed on to consumers.

Pakistan, which relies heavily on imported fuel to meet its energy needs, is particularly vulnerable to global oil price shocks that can quickly feed into inflation and pressure the country’s external accounts.