Supreme Court dismisses Chinese firm petition  

Supreme Court dismisses Chinese firm petition  

ISLAMABAD: (APP) The Supreme Court on Tuesday dismissed a petition filed by M/s Power Construction Corporation of China against the ouster from the construction of Dasu dam project .

A three-member bench of the apex court headed by Chief Justice Anwar Zaheer Jamali heard the case filed by M/S Power Construction Corporation of China against its disqualification from the Dasu dam project .

During the course of proceedings, Salaman Aslam Butt counsel for the Chinese firm appeared before the bench and said that Pakistan is an independent country and a foreign institution cannot intervene in the internal affairs of the country and the apex court also gave verdicts in the cases of Reko Dek and Houbara Bustard in this regard.

Additional Attorney General Rana Waqar said that according to Article 166, the government had the executive powers to borrow loan from an international firm and to provide guarantee in this regard.

The loan agreement for construction of Dasu Dam was signed between the President of Pakistan and the World Bank , he added.

He said that World Bank had the power to accept or reject the bidding application of any company. He said that the World Bank also submitted a reasonable application before the government.

On which, Justice Azmat Saeed remarked that a polite application received from the World Bank and the government responded abruptly to serve the order. How an investor can direct the state to formulate laws according to its wish, he observed.

Advocate Shahzada Mazhar counsel for WAPDA said that the high court dismissed the Chinese firm 's plea and directed it to follow guidelines set by the World Bank but the Chinese firm did not utilize the chance.


More from this category