NAB, PPRA sign MoU to promote transparency in procurements

ISLAMABAD: The National Accountability Bureau (NAB) and the Public Procurement Regulatory Authority (PPRA) signed a Memorandum of Understanding (MoU) on Tuesday to establish a system to promote cooperation between the two organizations regarding the exchange of information on e-procurements (E-PADS) ensuring fairness and transparency in the public procurement process. The MoU signing ceremony was attended by NAB Chairman Lt Gen(retd) Nazir Ahmad, Deputy Chairman NAB Sohail Nasir, Prosecutor General Accountability Syed Ihtasham Qadir Shah, Managing Director PPRA, Hasanat Ahmad Qureshi and others. The goal is to increase transparency and accountability through joint efforts, creating a system that would act as a deterrent for corrupt and fraudulent elements. Under the MoU, both institutions have agreed to enhance the capacity of their organizations and other related public procurement institutions, assist in developing guidelines to prevent corruption and fraud, and provide support in improving policies and procurement procedures, based on successful experiences with past cases.