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NAB clears Nawaz Sharif in the Toshakhana case

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8 months ago

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According to specifics, the Accountability Court (AC) received a report from the accountability bureau about the Toshakhana reference.

According to the NAB inquiry report, Nawaz Sharif, the leader of the Pakistan Muslim League – Nawaz (PML-N), did not use a fictitious account to pay the money needed to purchase the car from Toshakhana.

The investigation told the court that although the car was turned over to Toshakhana in 1997, Nawaz did not own it at the time of its 2008 purchase.

Furthermore, in the Toshakhana reference, the accountability court has the power to exonerate former prime minister Nawaz Sharif.

It is important to note that in January 2020, the executive board members authorized three references against former premiers Nawaz Sharif and Yousaf Raza Gillani, as well as former president Asif Ali Zardari, regarding the charges during a meeting presided over by Justice Retd Javed Iqbal, who was then the chairman of the NAB.

In addition, a complaint was brought against Anwar Majeed and Abdul Ghani Majeed for failing to pay the taxes on the high-end cars that were imported through Toshakhana.

According to the reference, the former president paid the tax amounts on the opulent cars that were gifts from the UAE and Libya using fictitious bank accounts rather than giving them to Toshakhana.

According to the report, former prime minister Yousuf Raza Gilani extended undue favors to the president, and Nawaz Sharif was permitted to give Asif Zardari the cars during his administration.

It is important to note that the Election Commission of Pakistan disqualified the PTI head for making “false statements and incorrect declaration,” which led to the Toshakhana issue becoming a major political sticking point in the country.

According to Articles 167 and 173 of the constitution, the former premier was determined to have engaged in corrupt activities, according to the ruling. “He will be the target of a criminal investigation for making a false statement.”

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

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4 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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4 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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4 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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