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Pakistan

Accountability court cancels Ishaq Dar’s arrest warrant

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2 years ago

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  • Warrant was cancelled against surety bonds of Rs1 million.
  • Dar submits application against confiscation of property.
  • Seeks permanent exemption from appearance.

An Islamabad accountability court on Friday cancelled Finance Minister Ishaq Dar’s arrest warrant in the assets beyond means case filed against him by the National Accountability Bureau (NAB).

The cancellation orders were issued after the minister appeared before Accountability court judge Muhammad Bashir with his lawyer Qazi Misbah. The court also directed the minister to submit surety bonds of Rs1 million.

At the outset of the hearing, Misbah asked the court to permanently cancel his client’s arrest warrant and the order to confiscate his assets.

The lawyer told the court that it had issued the arrest warrants so Dar appears before the court, adding that they should be cancelled now as the minister is present before the court.

“Did NAB also issue arrest warrants of Ishaq Dar,” Judge Bashir asked the anti-corruption watchdog’s prosecutor.

Anti-graft’s body responded in the affirmative but clarified that the warrants were suspended.

“What is your point of view now, should the warrants be cancelled or not?” asked the judge.

At this question, the NAB prosecutor supported the cancellation of warrants, adding that they were issued to ensure Dar’s appearance in the case.

The judge then remarked that it will have to indict Dar once again as a supplementary reference has also been filed against him.

To this, Dar’s lawyer stated that they will give arguments on the supplementary reference.

Before adjourning the case till October 12, the court issued notices to NAB over the application filed against the confiscation of Dar’s property and permanent exemption from appearance.

The court has ordered NAB to present its arguments at the next hearing on both applications.

Arrest warrant suspended

Last week, the court had suspended the arrest warrants of Dar till October 7.

Judge Mohammad Bashir had issued the orders and directed the authorities to not arrest the minister upon his arrival in Pakistan.

The judge had said that once Dar returns to Pakistan, the court will see whether it should revoke his arrest orders or not.

“The arrest warrants will be permanently suspended once Dar appears before the court in person,” the judge had said.

Dar moved the accountability court after the Supreme Court dismissed his appeal in a corruption case following his decision to withdraw the plea.

In 2017, an accountability court, while hearing a corruption reference against Dar, declared him a proclaimed offender due to his continued absence from the proceedings.

The national anti-graft watchdog accused Dar of possessing assets disproportionate to his known sources of income.

The case was filed by NAB in light of the Supreme Court’s July 28 verdict in the Panama Papers case.

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Entertainment

UAE grants Aiman Khan a Golden Visa

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22 hours ago

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The actress Aiman Khan has notified her fans and followers that the United Arab Emirates has granted her a Golden Visa.

Renowned for her dramatic roles in plays like “Ghar Titli Ka Par,” “Meri Beti,” and “Ishq Tamasha,” Aiman Khan has been spotted putting more emphasis on her personal life with her spouse, fellow actress Muneeb Butt, and moving away from the entertainment industry recently.

Instagram users saw Aiman Khan post a photo of herself receiving the Golden Visa from UAE officials.

The actress was shown gratitude in the caption for the extraordinary hospitality and kind welcome she received from the Dubai government.

Aiman Khan is shown in the accompanying photo, probably when applying for a visa, looking smart in black among representatives from the United Arab Emirates.

Fascinatingly, Aiman Khan’s spouse, Muneeb Butt, previously uploaded a comparable Instagram picture revealing his triumphant Golden Visa acquisition.

Often taking his wife, Aiman Khan, along, Muneeb Butt travels to Dubai for business and pleasure. Even after their daughter Amal was born, the well-known couple continued to observe this habit.

Furthermore, Miral, their second daughter, made her first vacation outside of Pakistan when they recently took her to Dubai.

“Dubai holds a special place in my heart, from memorable vacations to productive work trips,” Muneeb Butt complimented in the description.

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Business

Exchange achieves all-time high: KSE-100 index surpasses 72,500 points

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22 hours ago

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With the benchmark KSE-100 index hitting a record-breaking high of 72,501 points, the Karachi Stock Exchange saw yet another incredible rise.

Within Pakistan’s financial environment, investors demonstrated a strong sense of trust in the market as the bullish trend continued.

As a result of the significant inflow of investment and optimism among market players, the index had an amazing 450-point rise during the trading session.

In their analysis of the market’s remarkable performance, financial analysts pointed to a number of causes for the upward trend, such as encouraging economic data, robust company profits, and the government’s proactive measures to promote economic expansion.

The durability and upward momentum of the market have also been greatly aided by continuous infrastructural investments and efforts meant to boost investor confidence.

In the meantime, interbank rates increased by six paisas, and the US dollar’s value saw a slight rise in the currency market. As a result of the current market conditions and the dynamic nature of foreign exchange swings, the dollar was quoted at Rs 278.45 in the interbank market.

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Education

Youth from North Waziristan are given an educational and recreational tour by the Pakistan Army.

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22 hours ago

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Youth from North Waziristan set off on a three-day enjoyable and enlightening excursion as part of the Pakistan Army’s “Ilm Tolo Da Para” project.

The young participants in the trip had a great time touring some of Islamabad’s most notable sites, such as the magnificent Faisal Mosque, Ayub Park, Pakistan Museum of Natural History, Pakistan Monument Museum, Folk Heritage Museum, and the picturesque Lake View Park.

The Imam led an insightful workshop for the students at Faisal Mosque, exploring the mosque’s significance and its place in the history of the country.

The youth’s awareness of their country’s legacy was strengthened by their visits to the People’s Heritage and Pakistan Monument, which provided them with valuable insights into the sacrifices made during Pakistan’s founding.

As the eager young people engaged in exhilarating rides, games, and other leisure pursuits, Ayub National Park transformed into a playground where they made enduring memories.

The youth gave the Pakistan Army their sincere gratitude for organising this beneficial event that combined learning with leisure.

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