ISLAMABAD: Chief Justice has said in the Rekodic presidential reference that the Balochistan government is not a strong authority, the government should form an authority on the CPEC side to supervise the Rekodic project, they do not want to let the Rekodic project be destroyed again.
A five-member larger bench, headed by the Chief Justice, heard the Rekodic presidential reference in the Supreme Court. The Chief Justice ordered the government to form a formal authority on the Rekodic project and formulate a government policy.
Chief Justice Umar Atta Bandyal said that the previous agreement of Rekodic project was voided due to relaxation of rules for certain companies, exemptions given in Rekodic project and relaxation of rules can be made part of the policy.
The Chief Justice said that once the policy is made, it will be easy for the court to decide, transparency will come from the uniform policy of the country for all international investors.
Additional Attorney General Aamir Rehman said that the country’s largest investment of 10 billion dollars is being made in the Rekodic project.
The Chief Justice said that you have not yet been able to satisfy the court as to why the government is making new legislation for a particular company.
It is repeatedly being threatened by saying that if the Rekodic project is not settled by December 15, there will be a burden (fine) of 10 billion dollars.
The Additional Attorney General said that the court is not being intimidated, but if a fine of 10 billion dollars is imposed, the nation will bear it, the government of Balochistan is an equal participant in this agreement.
The Chief Justice said that the government of Balochistan is not a very strong authority, who will supervise the Rekodic agreement and the entire project after that? Create a CPEC-style authority to review the Recode project, not to let the Recode project collapse again.
Chief Justice Umar Atta Bandial said that the country still has a burden of 4.5 billion dollars in the Rekodic agreement, you can relax the rules for the convenience of an agreement but you cannot lower your standards, the rights of the population in the areas adjacent to Rekodic Should not be affected either.
Later, the hearing of the case was adjourned till November 14.