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Imran Khan approaches Supreme Court over NAB amendment law

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  • PTI chairman files petition under Article 184 (3) of Constitution.
  • Petition states bill will “virtually eliminate any white-collar crime committed by a public office holder”. 
  • He argues that amendments made in the NAO, 1999 were “person specific.”

PTI Chairman Imran Khan Saturday challenged the amendments made in the National Accountability Ordinance, 1999 by the government in the Supreme Court. 

The former prime minister filed a petition in the top court under Article 184 (3) of the Constitution. 

Last month, the government passed the National Accountability (Amendment) Bill, 2022, in the National Assembly and the Senate. The NAB bill has formulated a post-retirement procedure for its chairman, among other changes.

However, President Arif Alvi returned the bill unsigned even after its approval from both the houses.

Later, on June 9, the government passed the law in the joint sitting of the parliament, however, it was rejected by President Alvi due to the “flaws in its implementation”. But the amendments were turned into law as the bill was passed by a joint sitting and if the president does not give his assent then the bill is turned into law within 10 days. 

In his petition, the PTI chairman said that the amendment has taken away the authority of appointing a NAB chairman and has given the responsibility to the current government which will “maneuver by the bulk of the holders of public office to assume control over and influence the impartiality of the NAB chairman.”

Moreover, it states that the bill will “virtually eliminate any white-collar crime committed by a public office holder”. 

Khan requested the Supreme Court to “adjudicate upon questions of great public importance with reference to the enforcement of fundamental rights of citizens under articles 9, 14, 19A, 24, and 25 of the Constitution.

The former PM argued that the amendments made in NAO, 1999 were “person specific and as such, it is just and fair to protect the constitutional and fundamental rights of the citizens of Pakistan.”

It further stated: “The NAB may be asked to provide details of all such cases which relate to the prominent and influential holders of public office, specially regarding cases pertaining to offences of owning assets (movable and immovable) without means.”

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Train hits dumper at Gojra level crossing

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At an unmanned level crossing in Gojra late on Sunday night, a train carrying two Rehman Baba Express drivers was injured when it struck a dumper.

Rehman Baba Express struck a dumper at Gojra level crossing No. 99 while traveling from Peshawar to Karachi, according to details. Two train drivers were stranded inside the debris, and the train’s engine sustained significant damage in the crash.

When rescue personnel arrived, they broke the engine’s body to free the drivers who were still in critical condition. All of the passengers were safe throughout the collision, according to railway authorities.

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There won’t be a total solar eclipse today in Pakistan.

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This Wednesday will be the first full solar eclipse of the year. But it won’t be visible in Asia.

Around 11:07 am PDT, or 9:07 pm local time in Pakistan, the eclipse will initially be visible near the Pacific Coast of Mexico. After that, the eclipse will pass through a large region of the United States, from Texas to Maine, and into Canada.

The total eclipse will last for four minutes, and the eclipse will continue for five hours and ten minutes.

The eclipse will proceed into Texas, passing through over a dozen states before reaching southern Ontario in Canada, according to NASA. At around 5:16 p.m. NDT, the eclipse will leave mainland North America and go out of Newfoundland, Canada.

According to NASA, there is a path where the eclipse will be visible in its entirety, and outside of this area, spectators may notice a partial eclipse, in which the moon covers part of the sun but not all of it.

In the ensuing two decades, there won’t be another full solar eclipse. On October 2, South America will witness the second solar eclipse of the year. Yet it will just be a portion of it.

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Pakistani stocks are rising, and the KSE-100 breaks the 69,000 barrier.

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The benchmark KSE-100 Index increased 1.76 percent on Monday, passing beyond the 69,000 barrier for the first time in its history. This maintained Pakistani stock market’s record-breaking run, as investors remained upbeat about potential rate cuts by the central bank.

The most recent advances also follow Prime Minister Shehbaz Sharif’s iftar dinner given by Saudi Crown Prince Mohammed bin Salman in Makkah, at a time when Riyadh is anticipated to announce an approximately $1 billion investment in Reko Diq, one of the world’s greatest reserves of copper and gold.

After reaching a high of 69,720.03, the KSE-100 Index concluded at 69,619.98 with a net gain of 1,203.20 points by the time trading was closed for the day. This was due to international investors, both individual and institutional, making purchases.

The meeting between Shehbaz and the Saudi crown prince, also referred to as MBS, may open doors for investment in a variety of industries, including mining, energy, and agriculture.

With record-high energy and interest rates driving up the cost of conducting business to an unaffordable level, investors are clamoring for foreign investment to prop up the economy.

Any improvement in this area would not only contribute to the rupee’s appreciation but also increase the value of cheap equities due to the anticipated purchasing frenzy, as buyers will not pass up the chance to purchase at the reduced prices.

However, there is a big question mark over the heightened expectations that the State Bank of Pakistan will begin reducing interest rates following the consumer price index (CPI) showing a steady fall in inflation over the past three months, particularly the greater than anticipated decline in March.

The reason is that, given Islamabad’s desperation to secure another package from the Washington-based lender, there is an impending hike in gasoline costs in addition to power and gas charges. This move will further sustain the inflationary pressure under the IMF criteria.

Meanwhile, the most recent US data has reduced expectations for potential rate reduction by the Federal Reserve, which is driving up the price of gold as speculative purchasing occurs.

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