President Dr Arif Alvi has signed the circulation summary, and issued the National Accountability Bureau (NAB) Amendment Ordinance 2019, which has come into force from today, 27 December.
According to the details, the NAB will no longer be allowed to take action against government employees and Bureau will not seize property of government officials without the orders of the court.
If the NAB cannot complete an investigation against a suspect within three months, the accused will be entitled to bail. In addition, NAB will now only be able to proceed in corruption cases of Rs500 million and more.
The anti-graft watchdog’s jurisdiction over matters relating to tax, stock exchange and IPOs has been curtailed. The Federal Bureau of Investigation, Securities and Exchange Commission of Pakistan and building control authorities will be the sole authorities tasked to act on all such matters.
No action will be launched against government employees in case of departmental deficiencies, as per the proposed ordinance.
Earlier on October 22, the federal cabinet had approved amendments in National Accountability Bureau (NAB) law 1999 and Benami Transaction Act 2017.