Owners of ZKB-Reliable JV removed from ECL

The Ministry of Interior (MoI) has removed the names of all three directors of ZKB-Reliable JV from the Exit Control List (ECL).

Three directors of ZKB-Reliable JV were placed on the Exit Control List back in February 2019 on the recommendation of the National Accountability Bureau (“NAB“) which had started investigations into the “Dualization of Road Along Cantt Drain from LOS Ferozpur Road to Multan Road, Lahore and Construction of Elevated Expressway from Ferozpur Road to Multan Road, Lahore (Package-I) Piles Only” awarded to the JV contractor. In the three years since, NAB failed to file any reference in the investigation.

In July 2022, ABS & Co was engaged by ZKB-Reliable JV for the removal of their directors’ names from ECL. On the firm’s advise, a representation was moved to the Ministry of Interior which was ultimately successful. Bakhtawar Bilal Soofi, Anza Mahmood and Zeerak Elahi advised on the matter.

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