Punjab Chief Minister Shehbaz Sharif remarked on Thursday that those levelling false allegations must be unveiled and held accountable. Photo: Geo News screen grab 

 

LAHORE: Punjab Chief Minister Shehbaz Sharif remarked on Thursday that those levelling false allegations must be unveiled and held accountable.

While addressing an event, he said that National Accountability Bureau is free to investigate Multan?s Metro project. 

Punjab government spending billions of rupees for federal government?s national highway projects, said Shehbaz, adding "for the first time in 70 years, the Punjab government is financing the projects of the federal government."

He remarked that the government of Khyber Pakhtunkhwa took a loan for its metro project.  On the other hand, ?we are spending from our own pockets on projects worth billions of rupees,? he added. 

?We are serving the nation with good intentions and passion."

On the development projects in the country, he shared that Pakistan?s first IT university is being built in Rahim Yar Khan, along with a Rs24billion new road in Khanewal. 

China blacklists company that defamed Shehbaz

The fraud of Chinese company Jiangsu Yabaite Technology Co Ltd had a drop scene as the China Securities Regulatory Commission (CSRC) blacklisted it forever and awarded the maximum penalties to the company and its owner.

On December 17, 2017, the owner of the Chinese company Yabaite published an apology on its official website and confessed that he had defrauded the public and accepted the CSRC decision of penalty and lifetime ban on his entry in the security market.

China blacklists company that defamed Shehbaz

China awards maximum penalties to Yabaite Technology Co and its owner

When contacted, Deputy Chief of Mission Chinese Embassy Lijian Zhao verified that the CSRC had announced its decision and the public apology of the owner of Yabaite was authentic. He said he had already clarified that the said Chinese company was involved in some fraudulent activities and the foreign office of China had also already clarified the matter.

The Chinese company?s fraud was highlighted when the Pakistani media reported that Punjab Chief Minister Shehbaz Sharif was allegedly involved in money laundering and sent a huge amount of kickback money to China through Yabaite.

However, Shehbaz not only strongly rebutted the media reports but also sent legal notices to the media organisations which were involved in alleged misreporting. The case of alleged money laundering was then referred to FIA by SECP and now Multan NAB has started its investigation into the Multan Metro Bus project to verify any alleged money laundering.