NAB ARRESTS 5 FOR ALLEGED INVOLVEMENT IN RS63 BILLION OIL SCAM

The National Accountability Bureau (NAB) has arrested five officials from Pakistan State Oil (PSO) and two private oil companies for their alleged involvement in a Rs63 billion oil scam, it said on Saturday. The arrests were made on July 11 after a series of raids in Karachi, Islamabad and Gilgit, NAB officials informed media today. NAB said it had arrested a former general manager (Supply) from PSO, Byco Pakistan Petroleum Ltd.'s (BPPL) f...

Dawn.com (Date:07/14/2018 10:29) Read full article >>

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Pakistan: Pakistan ), officially the Islamic Republic of Pakistan , is a sovereign country in South Asia. With a population exceeding 180 million people, it is the sixth most populous country and with an area covering 796,095 km2 , it is the 36th largest country in the world in terms of area. Located at the c
- Pakistan Wikipedia
Karachi: Karachi ) is the largest and most populous metropolitan city of Pakistan and its main seaport and financial centre, as well as the capital of Sindh province. The city has an estimated population of 23.5 million people as of April 2013, and a density of nearly 6,000 people per square kilometre . Kara
July: July is the seventh month of the year in the Julian and Gregorian Calendars and one of seven months with the length of 31 days. It was named by the Roman Senate in honor of the Roman general, Julius Caesar, it being the month of his birth. Prior to that, it was called Quintilis.
Business: A business is an organization involved in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to provide service to customers for profit. Businesses may also be not-for-profit or state-owned.
Saturday: Saturday is the day of the week following Friday and preceding Sunday. Saturday is the seventh and therefore last day of the week according to many commonly used calendars, but it is the second-to-last day of the week according to ISO 8601 . The Romans named Saturday dies Saturni no later than th
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Retail: Retail is the sale of goods and services from individuals or businesses to the end-user. Retailers are part of an integrated system called the supply chain. A retailer purchases goods or products in large quantities from manufacturers directly or through a wholesale, and then sells smaller quantitie
Petroleum: Petroleum Latin: oleum ) is a naturally occurring flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. The name Petroleum covers both naturally occurring
Islamabad PhotoIslamabad: Islamabad is the capital city of Pakistan. Located within the Islamabad Capital Territory , the population of the city has grown from 100,000 in 1951 to 1.15million as of 2011, making it the ninth largest city in the country. Together with its neighbouring twin city of Rawalpindi, the greater Islam