NAB approves reforms in Cooperative Department

ISLAMABAD: National Accountability Bureau (NAB) Chairman Qamar Zaman Chaudhry on Monday approved recommendations of the Prevention Committee for Reforms in Cooperative Department, Islamabad Capital Territory for onward submission to Ministry of Interior for consideration/implementation of the recommendations made by NAB for further effective working of Cooperative Department of ICT and to safeguard the investments of the general public as well as ensuring transparency in the affairs of Cooperative Department, ICT.

The NAB’s Prevention Committee for Reforms in Cooperative Department Islamabad Capital Territory (ICT) was constituted in pursuance of Section 33-C of NAB Ordinance, 1999, comprising representatives of all stakeholders including representation from Cooperative Department Islamabad Capital Territory (ICT).

The NAB’s Prevention Committee held various meetings and after due deliberations, a set of recommendations was presented to its chairman Qamar Zaman Chaudhry in a meeting at NAB headquarter.

The Cooperative Department appreciated NAB’s effectors for proposing effective and workable recommendation which were prepared by NAB’s Prevention Committee.

The ICT through a Gazette Notification No RCS/01-05 dated March 03, 2017 informed NAB that NAB’s recommendations have been included in the Gazette Notification No RCS/01-05 dated March 03, 2017 and directed all management committees of Cooperative Housing Societies to implement these directions issued under Section 44-D and 44-E of the Cooperative Societies Act, 1925.

Moreover, every cooperative society shall appoint a focal person from amongst its Managing Committee along with an officer of the society who shall be held personally liable for any lapse to this effect. The focal person shall also share the weekly progress report with Circle Registrar, Cooperative Societies Department Islamabad.