Cabinet Committee for Legislation Affairs has approved the proposed draft of the law under which CPEC Authority chairman and other officers will have immunity from investigations of the National Accountability Bureau (NAB) and Federal Investigation Agency (FIA).
The federal government’s decision to bring in new laws for the China Pakistan Economic Corridor (CPEC) Authority, will not only give immunity to the chairman and other officers from being investigated by the NAB or the FIA but will also be curtailing some of their powers.
It was only last year that President Arif Alvi had promulgated an ordinance to provide for the propping up the China Pakistan Economic Corridor (CPEC) Authority.
The ordinance was promulgated by the president in exercise of his powers under clause (1) of Article 89 of the Constitution.
The CPEC Authority was established to accelerate the pace of CPEC related activities, find new drivers of growth, unlock the potential of the interlinked production network and global value chains through regional and global connectivity.
The government had appointed retired Lt Gen Asim Saleem Bajwa as its chairman for four years following the passing of the ordinance.
Asim Bajwa has recently come under fire for his assets valuations and growth of family assets since his appointment as Special Assistant to the PM and as CPEC Authority Chairman.