Member Finance of PTA Reinstated, Given Clean Chit by Inquiry Committee

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Nasrul Karim Ghaznavi, Member Finance, PTANasrul Karim Ghaznavi, recently suspended member finance of Pakistan Telecommunication Authority, is reinstated again, told us sources from regulator’s headquarter.

Mr. Ghaznavi is reinstated after given clearance by inquiry committee that was probing into corruption charges against him.

Mr. Ghaznavi was given a service extension for four year term in 2009, after which his differences with former Chairman grew that ended up with his suspension when he was charged for corruption of over Rs. 7 billion.

Amongst other allegations, Mr. Ghaznavi was charged with following:

  • Loss of Rs. 5.55 billion due to failure in recovery of revenue from WLL licenses holders.
  • Loss of Rs. 530.816 million due to non–encashment of stand by letter of Credit (SBLC)
  • Loss of Rs. 80.00 million due to  embezzlement.
  • Loss of 628.93 million due to failure in revenue collection from small companies.
  • Erroneous deposit of Federal Consolidated Funds amounting to Rs. 820.92 million in USF company account through Public account.
  • Disruption of official work upon withdrawal of administrative powers in May 2010.
  • Loose financial management under Member Finance.

Committee inquiring allegations against Mr. Ghaznavi’s said that he was not proven guilty for any financial scam and misuse of power. Such allegations were said to be baseless.

The committee, formed by chairman Federal services commission Baghwan Das and headed by Saud Gohar, filed a report to the cabinet division regarding the allegations against Nasar-Ul-Karim Gaznavi.

Committee concluded that all of the charges against Mr. Ghaznavi were baseless, beyond any shadow of doubt.

If not extended for the third time, service term for Mr. Ghaznavi as member finance will expire in January 2013, a time when auction of 3G licenses is being planned by the authority.