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

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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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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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