ISLAMABAD

The Employees Old-Age Benefits Institution’s subsidiary PRIMACO has allowed use of cement worth about Rs300 million of a firm that was not approved by the competent authority, prompting the National Accountability Bureau (NAB) to see what could be done on this count.

The approval was given for the use of Fauji and DG Cement. However, without referring the matter to the board for a possible review, the cement of another company was being procured. The cement is being used in the construction of a hotel and a multi-storey building, opposite to Askari-X, Lahore. “The total cost of the cement will be around Rs 300 million,” the source informed.

A kind-hearted person approached the National Accountability Bureau’s Evaluation and Prevention Wing. NAB, in a letter, has asked the EOBI to furnish the information in this regard. EOBI sources believe that it is a fit case for a thorough investigation.

It was learnt that EOBI was also probing the matter on its own though and apparently it saw nothing wrong in changing the cement firm.

Sources in PRIMACO maintained that though the price of the cement being procured now was a bit lower but the cost was definitely going up, as for instance against five sacks of Fauji or DG Cement, seven sacks of the other company were being used.

“We have sent our reply on a letter NAB Lahore had written to us on a complaint,” a senior official at PRIMACO told The Nation here. He maintained that the decision was taken after having tested the cement technically, as it would cost us lesser.