• 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 He emphasized that procurement procedures and laws have become outdated, and there is a need for more vigilant oversight of mega contracts.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

Farewell to Azerbaijani envoy: Gilani lauds role in strengthening Pakistan-Azerbaijan ties
Diplomatic

Farewell to Azerbaijani envoy: Gilani lauds role in strengthening Pakistan-Azerbaijan ties

Islamabad, July 22, 2026: Chairman Senate Syed Yousaf Raza Gilani on Wednesday bid farewell to Azerbaijan's Ambassador to Pakistan, Khazar...

by Sub News
July 22, 2026
NA panel asks PEMRA to strengthen media regulation, ensure timely payment of journalists’ salaries
National

NA panel asks PEMRA to strengthen media regulation, ensure timely payment of journalists’ salaries

Islamabad, July 21, 2026: The National Assembly Standing Committee on Information and Broadcasting on Tuesday directed the Pakistan Electronic Media...

by Sub News
July 21, 2026
PM Shehbaz reaffirms Pakistan’s commitment to regional peace during meeting with Iranian interior minister
Diplomatic

PM Shehbaz reaffirms Pakistan’s commitment to regional peace during meeting with Iranian interior minister

Islamabad, July 21, 2026: Prime Minister Muhammad Shehbaz Sharif on Tuesday reaffirmed Pakistan's commitment to regional peace and stability during...

by Sub News
July 21, 2026
Pakistan launches non-formal education strategy to bring out-of-school children back to classrooms
Education

Pakistan launches non-formal education strategy to bring out-of-school children back to classrooms

Islamabad, July 21, 2026: The Pakistan Institute of Education (PIE), in collaboration with the Japan International Cooperation Agency (JICA), has...

by Sub News
July 21, 2026
Next Post

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

Breaking News

  • Iran warns of regional retaliation as Trump threatens strikes over Hormuz attacks
  • Babar Azam rises to sixth in latest ICC ODI batting rankings
  • Spain-Argentina World Cup final draws record 63 million US viewers
  • The DP World ILT20 has created a pathway for UAE cricketers: Muhammad Rohid
  • Petrol pump owners call off nationwide strike after government assurances
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.