Pak PM faces possible disqualification in polls
18 March 2013 7:22 AM IST
Prime Minister Raja Pervez Ashraf faces possible disqualification in Pakistan’s upcoming polls as a company co-owned by him has been declared a defaulter by authorities, according to a media report on Sunday.Under existing rules, any person declared a defaulter in business dealings is barred from contesting elections.
Fairwin Enterprises, which was registered by Ashraf and two partners with the registrar of Islamabad Capital Territory in August 1986, has been declared a defaulter by the Capital Development Authority.
The firm had bought a commercial plot in Islamabad that was developed by Ashraf and his partners. Over a dozen shops and 10 flats were built on the plot and sold to 18 buyers, The Express Tribune quoted official documents as saying.
In November 1988, the firm sold the plot to another party without clearing dues of Rs 2.06 million owed to CDA. The CDA sent several notices to the company but failed to get any response until 1994, when the plot was sealed. When the new owners of the plot were made aware of the arrears, they contacted Fairwin Enterprises and requested it to pay the dues but to no avail.
Facing fears of eviction by CDA, the new owners approached the Supreme Court. CDA Chairman was axed from his position after he told the Court's human rights cell that Ashraf's company was a defaulter.
Fairwin Enterprises, which was registered by Ashraf and two partners with the registrar of Islamabad Capital Territory in August 1986, has been declared a defaulter by the Capital Development Authority.
The firm had bought a commercial plot in Islamabad that was developed by Ashraf and his partners. Over a dozen shops and 10 flats were built on the plot and sold to 18 buyers, The Express Tribune quoted official documents as saying.
In November 1988, the firm sold the plot to another party without clearing dues of Rs 2.06 million owed to CDA. The CDA sent several notices to the company but failed to get any response until 1994, when the plot was sealed. When the new owners of the plot were made aware of the arrears, they contacted Fairwin Enterprises and requested it to pay the dues but to no avail.
Facing fears of eviction by CDA, the new owners approached the Supreme Court. CDA Chairman was axed from his position after he told the Court's human rights cell that Ashraf's company was a defaulter.
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