ISLAMABAD: President Dr. Arif Alvi has issued National Accountability (Second Amendment) Ordinance 2021 under Article 89 of the Constitution.
According to the media wing of the Presidency, Section 4 of the 1999 Ordinance has been amended with the help of the Ordinance. The ordinance will not apply to matters relating to loss of tax, levies and tax related treasury of the federal, provincial and local governments. The ordinance will not apply to the decisions of the federal and provincial cabinets, committees and sub-committees.
The Ordinance will also not apply to the decisions of the Council of Common Interests, ECNEC, NFC, CDWP, SBP. Section 5 of the 1999 Ordinance was also amended with the help of the Ordinance. Under the ordinance, accountability courts will be set up in consultation with the President and the Chief Justice of Pakistan.
After consultation with the Chief Justice, a judge of the Accountability Court shall be appointed who shall not be more than 68 years of age. The term of appointment of an accountability court judge will be three years. The President, in consultation with the Chief Justice, will have the power to remove the Accountability Court Judge. Section 6 of the 1999 Ordinance has also been amended under the Ordinance. Under the ordinance, the Chairman NAB will be appointed in consultation with the President, Leader of the House and Leader of the Opposition.
In case of disagreement between the Leader of the House and the Leader of the Opposition, the President will send all the names to the Parliamentary Committee. The Speaker will head the National Assembly Parliamentary Committee, with 50 per cent members from the government and 50 per cent from the opposition. According to the ordinance, the term of office of the Chairman NAB will be four years.
Under the ordinance, at the end of the four-year term, the incumbent NAB chairman can be re-appointed for another four years, while the outgoing chairman will continue to perform his duties under the ordinance until a new chairman is appointed. The new section 31DD has also been added. No inquiry, investigation or action can be taken against any bank board or financial institution without the approval of the Governor State Bank.