Islamabad: The Punjab Forum on Thursday said some inconsistent regulations have become a great threat to the economic development of the country which can help millions come out of the abject poverty.
Bureaucracy is set to lay waste to the generous Chinese offer to invest 22 billion dollars in Pakistan’s energy sector on the pretext of disruption of some minor rules and regulations, it said.
Prime Minister Nawaz Sharif should immediately intervene to ensure execution of projects as it is not an issue of abiding by rules of Public Procurement Regulatory Authority (PPRA) but a matter of national survival, said Baig Raj, President of the Punjab Forum.
Some officials accustomed to red tapes shouldn’t be allowed to ruin the plan of the biggest foreign investment for which the government has worked so hard, he said, adding that the move can hurt relations between Islamabad and Beijing.
PPRA rules should not be considered at all in the current emergency situation which can sink the entire economy as bureaucracy has failed to understand the gravity of situation which is unfortunate, he said.
Moreover, he added, nobody should be allowed to create problems for masses, help prolong power outages across country and make thing difficult for the government, he added.
Baig Raj said that corruption to the tune of billions in the different departments has already exposed the effectiveness of PARA that has now started a move against awarding direct contracts to the Chinese.