• About
  • Advertise
  • Privacy & Policy
  • Contact
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC
No Result
View All Result
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC
No Result
View All Result
No Result
View All Result
Home National

Signing of Agreement between NAB and Competition Commission to Prevent Bid Rigging

by Sub News
May 14, 2025
Share on WhatAppShare on XShare on Facebook

ISLAMABAD, 14th May 2025:A Memorandum of Understanding (MoU) has been signed between the National Accountability Bureau (NAB) and the Competition Commission of Pakistan (CCP) to prevent bid rigging. The agreement was signed by the Secretary CCP, Maryam Parvez and NAB’s Director General Operations, Muhammad Tahir, in the presence of NAB Chairman, Lieutenant General (Retd) Nazir Ahmed, and CCP Chairman, Dr. Kabir Ahmed Sidhu.

Under this agreement, there will be an exchange of information between NAB and CCP to promote transparent procurement and fair competition. Both organizations will also collaborate on technical cooperation and joint strategies. The agreement will ensure access to bid data, identification of risks, and compliance with relevant laws.

On this occasion, NAB Chairman, Lieutenant General (Retd) Nazir Ahmed said that NAB will play a pivotal role in ensuring transparency by strictly adhering to the rules and regulations in use of public resources. He further emphasized that NAB will proceed against those engaging in illegal practices. He also mentioned that tackling corruption and collusion is a joint responsibility of both NAB and CCP. NAB will utilize CCP’s expertise in data analysis to protect the national ex-chequer from the losses caused by corruption in public procurement.

Chairman NAB added that NAB will assist CCP in addressing cartels and collusion in public procurement. He emphasized that procurement procedures and laws have become outdated, and there is a need for more vigilant oversight of mega contracts.

Dr. Kabir Sidhu, Chairman of the Competition Commission, said that strict monitoring of cartelization in government tenders is essential. He confirmed that both CCP and NAB have agreed to undertake joint action against collusion in public procurement. He further stated that the exchange of data and evidence between the two institutions would expedite investigations. Recently, the CCP exposed cartelization in power distribution companies’ tenders, and collusion in government procurement results in a significant loss of national resources.

Dr. Sidhu also mentioned that CCP can provide NAB with evidence-based data for criminal proceedings. To date, the CCP has identified 136 potential cartel cases, and it has made the largest recovery in its history, amounting to a fine of 100 million rupees.

Tags: Competition CommissionMemorandum of UnderstandingNAB
Previous Post

Telephonic Conversation between the Prime Minister and United Nations Secretary General

Next Post

Indian aggression: Security forces’ death toll rises to 13 as two more embrace martyrdom

Related Posts

JI Punjab emir calls October 27 a Black Day in Kashmir’s history
India

JI Punjab emir calls October 27 a Black Day in Kashmir’s history

Islamabad, October 27,2026: Jamaat-e-Islami (JI) Punjab Emir Dr. Tariq Saleem has described October 27 as a Black Day in Kashmir’s...

by Sub News
October 27, 2026
PIHRO, Pakistan National Commission for UNESCO sign MoU to promote human rights, education
Diplomatic

PIHRO, Pakistan National Commission for UNESCO sign MoU to promote human rights, education

Islamabad, October 27,2026: The Pakistan International Human Rights Organisation (PIHRO) and the Pakistan National Commission for UNESCO (PNCU), operating under...

by Sub News
October 27, 2026
Crime & Justice

NAB reports Rs26.1 trillion in recoveries from March 2023 to September 2026

Islamabad, October 27,2026: A delegation of 17 participants of the 40th Senior Management Course at the National Institute of Public...

by Sub News
October 27, 2026
Pakistan reaffirms support for Kashmiris on Black Day
India

Pakistan reaffirms support for Kashmiris on Black Day

Islamabad, October 27,2026: Pakistan on Tuesday reaffirmed its solidarity with the people of Indian Illegally Occupied Jammu and Kashmir (IIOJK),...

by Sub News
October 27, 2026
Next Post

Indian aggression: Security forces' death toll rises to 13 as two more embrace martyrdom

Breaking News

  • JI Punjab emir calls October 27 a Black Day in Kashmir’s history
  • Pakistan–Switzerland parliamentary group discusses cooperation in trade, education, climate resilience
  • Ethiopian ambassador invites Rawalpindi businesses to explore investment opportunities
  • Govt, JI to form joint committee on fuel relief as party warns of Islamabad march
  • Pakistan register second-lowest ODI total at Gaddafi Stadium
Sub News

© 2026 subnewsenglish.com

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC

© 2026 subnewsenglish.com

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.