NAB, PPRA forge partnership with MoU signing

News Image

MG News | February 04, 2025 at 04:33 PM GMT+05:00

February 04, 2025 (MLN): A Memorandum of Understanding (MoU) was signed between the National Accountability Bureau (NAB) and the Public Procurement Regulatory Authority (PPRA) at NAB Headquarters in Islamabad.

The MoU was signed by Izhar Ahmad Awan, Director General of NAB (A&P), and Sheikh Afzaal Raza, Project Director of E-PADS, as per the press release issued today.

The agreement aims to establish a system that fosters mutual cooperation between the two organizations for the exchange of information on e-Procurements (E-PADS), ensuring fairness and transparency in the public procurement process.

The goal is to increase transparency and accountability through joint efforts, creating a system that will act as a deterrent to corrupt and fraudulent practices.

The MoU also seeks to raise awareness among relevant public procurement institutions about procurement laws, regulations, and ethical standards.

Under the MoU, both institutions have agreed to enhance the capacity of their own organizations, as well as other related public procurement institutions.

They will assist in developing guidelines to prevent corruption and fraud, and support the improvement of policies and procurement procedures based on successful experiences from past cases.

Regarding procurement-related complaints, PPRA will forward them to NAB, along with relevant details of tenders and bidders, for appropriate action.

As part of the MoU, NAB officers will receive free training sessions on public procurement from PPRA, while NAB will also offer complimentary training to PPRA officers on preventing corruption in public procurement.

Both institutions will jointly develop guidelines to strengthen legal regulations for bidders and public procurement institutions to prevent corruption.

Reforms will also be promoted to further enhance accountability in the procurement process.

Additionally, both institutions have agreed to collaborate on the establishment of a National Electronic Procurement Database.

The MoU signing ceremony was attended by NAB Chairman Lieutenant General (Retd.) Nazir Ahmad, Deputy Chairman NAB Sohail Nasir, Prosecutor General Accountability Syed Ihtasham Qadir Shah, Managing Director of PPRA Hasanat Ahmad Qureshi, and other officials from both organizations.

To this end, PPRA will develop a centralized database that will include procurement data, tenders, and related bid information.

Earlier, the PPRA team provided a comprehensive briefing on the PPRA system and EPADS.

The Chairman of NAB appreciated the initiative to migrate towards a more automated system and emphasized that the collaboration between NAB and PPRA will significantly enhance transparency and accountability in the public procurement process.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 171,493.93
32.58M
0.20%
340.76
ALLSHR 103,740.19
228.19M
0.25%
263.16
KSE30 51,011.69
7.07M
0.22%
109.71
KMI30 244,383.54
16.52M
0.25%
617.88
KMIALLSHR 67,231.16
147.23M
0.21%
144.13
BKTi 47,683.01
1.41M
0.14%
68.29
OGTi 34,982.54
0.40M
0.37%
128.62
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 85,580.00 86,950.00
85,385.00
-1010.00
-1.17%
BRENT CRUDE 101.67 101.75
100.22
1.33
1.33%
RICHARDS BAY COAL MONTHLY 130.00 0.00
0.00
6.10
4.92%
ROTTERDAM COAL MONTHLY 138.50 0.00
0.00
1.45
1.06%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 93.34 93.42
91.75
0.97
1.05%
SUGAR #11 WORLD 18.38 18.60
18.15
0.14
0.77%

Chart of the Day


Latest News
September 22, 2026 at 10:10 AM GMT+05:00

Oil prices steady near $102 amid U.S. Iran talks watch


September 22, 2026 at 09:48 AM GMT+05:00

FM urges global climate funds to speed up financing access


September 22, 2026 at 09:39 AM GMT+05:00

Pakistan backs COP31 agenda, FM calls for climate action


September 22, 2026 at 09:27 AM GMT+05:00

Pakistan advances towards regulated virtual assets framework: FM


September 22, 2026 at 09:17 AM GMT+05:00

NBP issues foreign exchange rates



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg