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£190 million case: trial court’s final ruling is barred by IHC

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3 months ago

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Details reveal that the orders were given in response to a plea filed by Bushra Bibi and the PTI founder, asking for the trial to be stopped, by Chief Justice Amir Farooq and Justice Gul Hasan Aurangzeb.

Additionally, notices on the petition have been sent out by the Islamabad High Court, which has postponed the hearing until September 26.

In a £190 million settlement reference, PTI founder Imran Khan had earlier had his request for acquittal denied by an Accountability Court.

Before rejecting the plea, Judge Nasir Javed Rana of the accountability court heard arguments from both parties in Rawalpindi’s Adiala Jail.

Imran Khan’s attorney contended that Al-Qadir University is a trust and that his client was not involved in the university’s financial operations and did not receive any personal benefits from it.

NCA situation

The acquisition of hundreds of canals of land in the name of Al Qadir University Trust is the subject of an inquiry by the National Accountability Bureau (NAB) against Imran Khan, his wife, and other individuals. The investigation is said to have cost the national exchequer 190 million pounds.

The indictments state that the National Crime Agency (NCA) of Britain handed the government Rs50 billion, or 190 million pounds at the time, which the former prime minister and other accused parties allegedly modified.

Regarding Al-Qadir University, the NAB reported corruption against Imran and seven other people, including his spouse.

On December 26, 2019, the PTI chief registered the Al-Qadir University Project Trust.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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5 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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5 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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5 days ago

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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