ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice (retd) Javed Iqbal on Monday took notice of the 22-year delay in construction of State Life Tower in the federal capital and ordered an enquiry into the matter.
He directed the bureau to probe the alleged reports of corruption, misuse of authority and loss of multi-million rupees to the national exchequer.
In a statement issued here, he directed to fix responsibility of delay in construction of the 22-story building owned by State Life Insurance Company of Pakistan.
The cost of the tower being constructed with a preliminary cost of Rs1.3 billion has increased manifold in 22 years. Despite the passage of these years, only 19 stories of the tower in Islamabad have so far been completed and remaining three stories need more time for completion.
Such an inordinate delay of over 22 years is the classic example of ill planning and bad governance.
The chairman sought the reasons behind the frequent change of State Life Insurance Corporation of Pakistan chairman so that the responsible of squandering public money could be identified and further course of action be taken as per law.