KARACHI: An accountability court on Saturday granted a four-day transitory remand of three suspects arrested by the National Accountability Bureau (NAB) in connection with an alleged fake accounts and money laundering case. NAB claimed to have arrested Khawaja Mustafa Zulqarnain Majeed, a son of Omni Group Chairman Anwar Majeed, from Karachi on Friday. He requested a transitory remand of the suspects be granted so they may be produced before the administrative judge in Islamabad. Accepting the request, Judge Fareed Anwar Qazi granted a transitory remand of the detained businessmen till June 18 with the directives of producing them before the relevant court on or before the next date. Zardari’s close aide and business partners Anwar Majeed and his son Abdul Ghani Majeed, former Pakistan Stock Exchange chairman Hussain Lawai and banker Taha Raza have already been detained in connection with the alleged scam.
PM Imran briefed the gathering about the debt probe commission and its mechanism. He said the formation and finalisation of the body responsible for carrying out the investigation would be announced soon. Speaking about the country’s financial situation, the prime minister said that the economy had stabilised after a difficult journey. PM’s Adviser on Finance, Revenue and Economic Affairs Abdul Hafeez Sheikh briefed the participants about the budget and government’s economic objectives. Earlier on June 11, Prime Minister Imran Khan had announced to establish a high-powered commission under his supervision to find out facts behind soaring loans worth Rs24,000 billion.
Australia captain Aaron Finch and pace bowler Mitchell Starc stole the show as the holders eased to an 87-run win over Sri Lanka at the Oval on Saturday. Sri Lanka, who lost their last seven wickets for 42 runs, have only one win from their five matches, a disappointing run that includes two washouts. Sri Lanka had briefly looked capable of surpassing the World Cup chase set by Ireland, who made 329-7 to beat England in 2011. Mendis’s mistimed drive off Starc reduced Sri Lanka to 222-7 and shattered their resistance. Earlier, Finch took the Sri Lanka attack apart with a dazzling display that included 15 fours and five sixes.
$2.2 billion will be released this fiscal year, says Hafeez ShaikhISLAMABAD: Prime Minister’s Adviser on Finance Dr Abdul Hafeez Sheikh said on Saturday that the Asian Development Bank (ADB) will provide Pakistan $3.4 billion in budgetary support, as the country seeks help to overcome a ballooning balance of payments crisis. “The ADB will provide $3.4 billion in budgetary support,” said Hafeez Shaikh on Twitter, adding that he had a meeting with international bank’s DG Werner Liepach to agree on ADB programme. ADB to give $3.4 billion in #budgetary support. I had a meeting with Mr. Werner Liepach, DG ADB today to agree on the #ADB program. The ADB will provide $3.4 billion in budgetary support to help with #reforms and stabilization of the #economy.
Source:The Express Tribune
June 15, 2019 16:52 UTC
KARACHI: United Bank Limited (UBL) organised 8th annual literary awards on Saturday at a local hotel to honour the literary persons for their contributions to society. The event was attended by a host of writers, literary and media personalities, socialites and celebrities. While speaking on the occasion, Sima Kamil, President & CEO UBL said “Pakistan is a wonderful mix of cultures, languages and ethnicities and our literary lineage is best proof of that. “UBL considers it incumbent upon itself to recognize and inspire writers to continue contributing to the country’s literary wealth. We hope that the literary impetus does not slacken and that future generations continue to take advantage of these literary treasures”, she added.
June 15, 2019 16:41 UTC
Saudi Energy Minister Khalid al-Falih said “there must be a rapid and decisive response to the threat” to energy supplies, market stability and consumer confidence after the attacks in the Gulf area, the Saudi Energy Ministry reported on Twitter. The United States has tightened sanctions on Iran since Washington withdrew from a 2015 nuclear pact between Tehran and global powers last year. “The kingdom is committed to ensuring stability of global oil markets,” the Saudi energy minister said in Japan at a meeting of energy ministers from the G20 group of nations. RESTRAINTAs well as blaming Iran for the tanker attacks, Washington has also said Tehran was behind May 14 drone strikes on two Saudi oil-pumping stations. Britain has backed the United States in blaming Iran for the tanker attacks, saying no other state or non-state actor could have been responsible.
June 15, 2019 16:19 UTC
–SJC offers SC justice to present his case during preliminary inquiry–Only 28 complaints/references currently pending with SJCThe Supreme Judicial Council (SJC) has sent Supreme Court (SC) Justice Qazi Faez Isa a copy of the reference filed against him by President Dr Arif Alvi and has also offered him to present his case during the preliminary inquiry, a private media outlet reported on Saturday. According to the report, the copy of the reference, along with other documents, was delivered to Justice Isa at his Islamabad residence on Friday night. Under Rule 8 of the Supreme Judicial Council Inquiry Procedure 2005, the SJC shall place the information in respect of the conduct of a judge before the council for examination. The presidential references were filed against Justice Isa and SHC Justice KK Agha, who are widely recognised and acknowledged as independent, upright and competent judges. “Of the 426 references, 398 cases were processed as per ‘The Supreme Judicial Council Procedure of Enquiry 2005’.
June 15, 2019 15:56 UTC
He was addressing a post-budget press conference and was accompanied by Punjab Finance Secretary Abdullah Khan Sumbal, Special Secretary Finance Mujahid Sher Dil, Punjab Revenue Authority’s Chairman Javed Ahmed and other high-ups of relevant departments also accompanied the provincial finance minister. “The budget 2019-20 is based on the Punjab Growth Strategy 2018-23. We have tried our best that budget document ensures a bright future of the people of Punjab instead of mere jugglery of figures,” provincial finance minister vowed. The Punjab finance minister told that nine new hospitals would be constructed in deprived districts of Layyah, Mianwali, Rahim Yar Khan, Rawalpindi, Bahawalpur, D.G.Khan, Multan and Rajanpur. “Similarly, the Punjab chief minister and his cabinet also reduced their salaries and other expenditures,” he added.
June 15, 2019 15:40 UTC
🔊 Listen to Article‘The fuel-efficient vehicle comes as a relief for car users amidst high inflation and deteriorating economy’ISLAMABAD: Suzuki’s Alto is set to disrupt the local automobile market, and with good reason. On April 12, Pak Suzuki Motor Company Limited introduced its all-new Alto at the Pakistan Auto Show 2019 in Karachi. “It is the first Pakistani car in the 660cc category and is promising a good after-sales service and fuel efficiency,” he told Profit. The 660cc R-series engine comes with modern design and spacious interior in three variants – the Suzuki Alto VX (without AC), Suzuki Alto VXR (with AC) and Suzuki Alto VXL AGS (with AC and automatic transmission). However, it will not be a hammer down on imported cars,” said Wasif Safdar.
June 15, 2019 15:13 UTC
ISLAMABAD: The Election Commission of Pakistan (ECP) on Saturday issued notices to the three major political parties of the country for scrutiny of foreign funding. After the jurisdiction of the foreign and prohibited funding was extended, notices were issued to the ruling Pakistan Tehreek-Insaf (PTI) and opposition Pakistan Muslim League-Nawaz (PML-N) and Pakistan People’s Party (PPP) to appear before the ECP’s scrutiny committee. All three political parties have been directed to appear on June 20 along with the petitioners. Notices have been issued to PML-N and PPP over Farrukh Habib’s petition and to PTI over Akbar Babar’s petition. The case against PTI has been pending since 2014 on the application of Babar, a disgruntled member of the party.
June 15, 2019 14:48 UTC
BEIJING: The largest Picasso exhibition ever held in China opens on Saturday, featuring more than 100 works — many of them from the artist’s early years. The “Birth of a Genius” exhibition brings together the best of the Picasso Museum Paris, Laurent Le Bon, the museum’s president told AFP. Featured works include paintings, sculptures and drawings, and are accompanied by photos of the young Pablo in Barcelona and Paris. The first Picasso exhibition in China was held in 1983, timed to coincide with a Beijing visit by then French president Francois Mitterrand. This year’s exhibition, which runs until September 1 at the UCCA Center for Contemporary Art in Beijing, focuses on the artist’s first 30 years.
June 15, 2019 14:44 UTC
ISLAMABAD: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto-Zardari’s spokesman Senator Mustafa Nawaz Khokhar managed to obtain pre-arrest bail from a local court on Saturday despite the police’s efforts to thwart the move. A first information report (FIR) was registered against Khokhar that day at the Margalla police station and was sealed. “A false and baseless FIR was registered at the behest of the government,” said Khokhar whilst speaking to media after obtaining bail. In March, Khokhar and PPP Islamabad chapter President Raja Shakeel were booked for rioting and attacking police officials during Bilawal and Zardari’s appearance before NAB Rawalpindi. A sessions court in Islamabad had granted him pre-arrest interim bail following which Khokhar issued a statement saying that the cases registered against him and other party workers “were like medals”.
June 15, 2019 14:26 UTC
However, the same day, a Pakistan People’s Party (PPP) delegation also called on BNP to win over its chief. A post-meeting conference hinted that Mengal may join the opposition if it agreed to his six-point demands. BNP is crucial for PTI in getting the finance bill passed. Pakistan Today approached the party leaders from both sides who participated in the meeting to get a closer picture of the negotiations. The source said that the BNP also wants six per cent job quota to be implemented in Gwadar and Balochistan too.
June 15, 2019 14:26 UTC
Khasadar and Levies force were merged into K-P police in AprilPESHAWAR: South Waziristan’s Wana Fort has been turned into a police station, becoming the first one in the the district after its merger with Khyber-Pakhtunkhwa (K-P). Central police officials say that the fort is now being used by police after it was vacated by Frontier Corps. A Station House Officer and other staff will be appointed at the police station next week. “In the first phase police officers will be hired after which other police stations will also be established,” an official was quoted as saying. Police have begun performing duties in all seven tribal districts and the government is taking steps to bring the entire region into the mainstream.
Source:The Express Tribune
June 15, 2019 14:14 UTC
-First police station inaugurated in South WaziristanISLAMABAD: The first-ever police station was set up and inaugurated in Wana, headquarters of tribal district South Waziristan after the Frontier Corps (FC) vacated Wana fort and handed it over to the police department on Saturday. Muhammad Ali Khan has been appointed as the first Station House Officer (SHO) of the newly established police station. Unlike the police force in other parts of the province, the policemen in tribal districts, as per tribal custom and tradition, will wear black Shalwar and Qameez as their uniform. KP police have started imparting training to the Police personnel deployed in the tribal districts of the province to make them able to perform their responsibilities in tribal districts in an efficient manner. Moreover, police stations will similarly be established in other areas of tribal districts in the next few days.
June 15, 2019 14:11 UTC