[New] NATCO Loss Rs. 50 million Rupees

Ahman Bari (Gilgit): Northern Areas Transport Corporation incurred a loss of Rs. 50 million rupees. We were used to operate 15 buses whereas now there are only 5 buses are operational, stated by the Managing Director (MD) Mr. Zafar Iqbal.

Mr. Zafar Iqbal has stated that another major reason is the burden of excessive employees in the corporation as there are more than 450 surplus employees without any work to do.

The decline of NATCO is fall of another well-functioning and profitable corporation running under the federal government of Pakistan under the ruling PPP. NATCO has been time to time been talked about for corruption in the recent past and the MD was once put on NAB list at the time of Pervez Musharaf Govt. However, as he is stood to be a stunt Jiyalaa of PPP and had played a decisive political rule in the latest elections of GB to make sure PPP will win in the area was promoted unprecedently as a reward.

They are also been named in embezzlement of the

transportation of quota flour meant for

Giglit-Baltistan by diverting and selling them

illegally on the route and the money going

directly into the pockets of MD and some

well-known federal administrators and

Politicians within PPP.

There are claims of fraud and embezzlement of millions of rupees from the income of the corporation where the main character in it said to be PPP’s ex minister for Kashmir and Gilgit-Baltistan affairs and ex-governor of GB, Mr. Qamar Zaman Kaira and MD Zafar Iqbal, since than bleeding of the organization is going on unstopably. They are also been named in embezzlement of the transportation of quota flour meant for Giglit-Baltistan by diverting and selling them illegally on the route and the money going directly into the pockets of MD and some well-known federal administrators and Politicians within PPP. The civil supply Department of Gilgit-Baltistan is in huge debt to the federal government because what it has sold in Gilgit-Baltistan is less than what it has received from Islamabad on papers and this difference is what the NATCO has embezzled during the shipment of goods from Punjab to Gilgit-Baltistan. It is important to note that only NATCO has the authorizations to transport flour from Punjab to Gilgit-Baltistan and no open tenders are invited.

Very recently the opposition leader Mr. Hafiz-ur-Rehman has given a very tough statement on the matter of NATCO where he had stated that “we will not let the NATO to have the same fate of Pakistan Railway and PIA”. Now it is highly important to take actions that will save this iconic organization of Gilgit-Baltistan.

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2 Responses to [New] NATCO Loss Rs. 50 million Rupees

  1. MD Mr. Zafar Iqbal should be removed with immediate effect as he is already on extension of his services.This post should be properly Advertised openly for a deserving young person who can take Natco to new heights of Success…Since Zafar Iqbal is heading Natco in PPP regime financial loss is not the only issue people are suffering on the route when they travel to Rawalpindi especially. There is another problem which is the rising security issue on the Rawalpindi route because, in every Natco bus they hired at least two gun mans. The absence of these gun man are very frequent. Moreover, Buses are lacking the proper maintenance. Very often people observed that transportation of personal goods which are gifted to PPP Ministers are sent by Mr. Zafar Iqbal through Natco buses whereas, Natco passenger are charged for every KG of extra luggage and each passenger is allowed only one peace of luggage. additionally very often on Natco Buses get out of proportion on way to Rawalpindi which is indeed another security issue on KKH (Karakorum Highway). Frequently the situation is so bad that almost 50 lives on the every Natco bus seat have the threat of Accidental death on KKH due to improper functioning of Natco maintenance department. Where as the Natco top official is trying his best to please the PPP (Pakistan Peoples Party) officials as they had a caring eye on him while he was trapped in NAB cases and about to be suspended.

  2. Qalandar says:

    15 or at least 10 are operational Mr MD to whom u want to show 5 buses are operational ? when media come to know that NATCO loss 50 Million, if other buses are not operational what is the reason ? what is mean by maintenance, you are MD even a small car or cycle owner knows that every machinery need maintenance, why you just telling people that 5 buses are in operational to whom you want to show loss, you working with group of corrupt people ? please do corruption but at least think as leader as MD at least think for the people of Gilgit Baltistan, really we need sincere people in GOVT departments which is totally oposit.

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