Asset 1

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Dawn

Published Date: Nov 14, 2012

Flawed agreement

The contracting agreement between PSO and BTCPL (Bakri
Trading Company Pakistan (Pvt) Ltd) is full of clauses which deprives the need
for a balance contract to create the safeguards for the buyer and seller.

The
contract of five billion dollars was not discussed in the Finance Committee and
was also not brought for any ratification or direct discussion in the board of
management of PSO.

The
award of tender without competition bidding and without observing the rules of
Public Procurement Regulatory Authority (PPRA) amounts to contempt of court,
announced by the Supreme Court in one of the judgments related to the violation
of rules in awarding the tenders.

Apart
from violation of the rules towards transparency, the most important is a
so-called blending facility of BTCPL – the niche, which itself is challengeable
and cannot sustain the contract and its clauses built in for the purpose to
suit a single party.

This
questions the possible maintenance of personal gains and comes under the
expression of abuse of authority and position for personal gains.