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‘Black day’: President Alvi rejects bill amending NAB Ordinance

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  • “With deep discomfort, I state that my conscience does not allow me to sign this bill,” President Alvi says.
  • Says proposed changes will “demolish accountability”, creating a “façade of justice” that blatantly hides a corrupt elite capture.
  • Imran Khan says today is “black day” as “imported govt of crooks” amended NAB law.

ISLAMABAD: President Arif Alvi on Monday rejected a bill amending the National Accountability Bureau (NAB) Ordinance due to the “flaws in its implementation”.

According to a statement released on the official Twitter handle of the President of Pakistan, Alvi said that as conceived originally, the bill took inspiration from “Hazrat Umar’s incident” when asked about the source of extra cloth in his cloak. “The onus in financial crimes is on the accused to provide a money trail,” the statement read.

“Unfortunately, there were flaws in NAB’s implementation. It was misused for political exigencies by those in power [and] by vested interests,” the president said.

He also reiterated that the public clamoured for the return of the nation’s looted wealth, but long judicial processes and poor prosecution failed most efforts. 

“Instead of improving the law to avoid miscarriage, to close loopholes [and] make it stronger, we are weakening it beyond recognition,” the statement read.

According to the president, the proposed changes will “demolish accountability”, creating a “façade of justice” that blatantly hides a corrupt elite capture ensuring the exploitation of the common man in an unjust society.

The president said that the poor will continue to be jailed for petty crimes while the corrupt rich will be free to loot and plunder. 

He said: “I personally abide by the Constitution, we must act upon injunctions of the Quran and Sunnah, and above all, I am answerable to Allah asking for His forgiveness.

“Therefore, with deep discomfort and pain, I state that my conscience does not allow me to sign this Bill.”

He added that “weak accountability is against the basic rights of the people of Pakistan who are the suffering masses, and, therefore, it is also against the fundamentals of the Constitution,” he added

The president acknowledged that he was aware of the fact, in view of the ‘deeming’ provision under Article 75 (2) of the Constitution of Pakistan, that the NAB (Amendment), 2022 will be enacted into law even if the President of Pakistan does not sign the bill.

‘White-collar criminals’

Meanwhile, taking to his Twitter handle former prime minister and PTI Chairman Imran Khan said today was a “Black Day” in Pakistan’s history as “imported government of crooks” amended NAB law comes in ending accountability.

“Entire economy and political system of Pakistan was derailed through US-backed regime change conspiracy simply to give this cabal of crooks another NRO,” he said, adding that PML-N leader Khurram Dastagir confirmed this.

Earlier, during an interview with a private channel, Dastagir had admitted that they [the coalition government leaders] knew that there would be disqualifications on a massive level by the end of this year [if things continued in line with Imran Khan’s plans].

The PTI chairman further noted that at a time when Pakistan’s economy had stabilised and was moving towards sustainable growth of 6%, the conspirators chose to destabilise Pakistan by sending the economy into a tailspin and dropping a price bomb on people — “just to give these criminals NRO”.

“Our Prophet Mohammed (PBUH) had said societies are destroyed when the poor are jailed while the rich are not held accountable. Today, with this amended NAB law, we are heading towards destruction by removing white-collar criminals from accountability,” he added.

The ousted prime minister pointed out that Rs1,100 billion of the Rs1,200 billion that was being investigated by NAB will now be out of NAB’s jurisdiction, giving this “criminal mafia their NRO.

“History will neither forget nor forgive all those who were part of [and] enabled this conspiracy against Pakistan to succeed,” he concluded.

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Pakistan’s gold prices continue to decline.

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The price of ten grams of 24 carat gold dropped by Rs 1,201 to Rs 205,418 from Rs 206,619, while the price of ten grams of 22 carat gold dropped to Rs 188,300 from Rs 189,400, according to the All Sindh Sarafa Jewellers Association.

Silver, priced at Rs. 2,620 per tola and Rs. 2,254.80 per ten grams, stayed at that level. As reported by the organization, the price of gold dropped by $11 on the global market, to $2,297 from $2,308.

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Price of LPG “slashed” by Rs. 20 per kilogram

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Sources claim that LPG rates have been lowered by Rs 20, making the cost per kilogram drop from Rs 280 to Rs 260.

It is noteworthy to remark that the costs of LPG were reduced by Rs 20 per kilogram earlier, resulting in a total reduction of Rs 40 per kilogram within a few weeks.

The price of liquefied petroleum gas for the month of May 2024 was lowered by the Oil and Gas Regulatory Authority (OGRA) on April 30.

The LPG tariffs were lowered by Rs 11.88 to Rs 238.46 per kilogram in accordance with the OGRA’s notice. On Wednesday, May 1, 2024, the new rates will go into effect.

In April of last year, the price per kilogram of LPG was Rs 250.34. pricing reduction of Rs 140.18 has resulted in a new pricing for home LPG cylinders set for May 2024 of Rs 2813.85.

The OGRA reported a drop in liquefied petroleum gas pricing in April. The price of LPG is now Rs 250.34 per kg instead of Rs 256.78 due to a reduction of Rs 6.44 per kg.

The price of the household cylinder was fixed at Rs 2954.03 for the month of April, down from Rs 3030.12, a decrease of Rs 76.9.

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ADB delegation stops by FBR headquarters

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Senior Director ADB Tariq Niazi oversaw the expedition, which also involved Sana Masood, Farzana Noshab, and Senior Public Sector Management Specialist Laisiasa Tora. The meeting included presentations from economists as well, according to an FBR press release.

The officers focused on structural and policy adjustments as they discussed the Domestic Resource Mobilization Program’s implementation at the meeting.

$300 million was given to the Pakistani government by ADB in December 2023 as a result of the hard work and dedication of FBR. Better laws, regulations, and institutional capability for the FBR were established by Sub-Program I.

With the $300 million in funding provided by the Asian Development Bank (ADB) to the Government of Pakistan in December 2023, the delegation conveyed satisfaction with the program’s effective launch.

The FBR also underlined how crucial digitization is to recording the economy and boosting productivity in a sustainable way.

In order to promote the Government of Pakistan’s Digital Tax Administration Project, both parties decided to look into measures to improve their cooperation.

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