Search News
From To
Today's News
Displaying News From General

Hudaibiya case: SC forms bench to hear NAB appeal2017/11/11
ISLAMABAD: Chief Justice of Pakistan (CJP) Mian Saqib Nisar on Friday formed Supreme Court bench comprising of three judges to hear National Accountability Bureau (NAB) plea to declare Lahore High Court's (LHC) judgement into Hudaibiya Paper Mills case void.
The three-judge bench headed by Justice Asif Saeed Khosa, Justice Dost Muhammad and Justice Mazhar Alam Miankhel will hear the appeal on November 13.
Earlier on November 20, NAB filed an appeal in apex court seeking to invalidate LHC three years old judgement in Hudaibiya Paper Mills case. In 2014 ousted prime minister Nawaz Sharif along with his several family members was acquitted by LHC from Rs1.2 billion Hudabiya Paper Mills scam.
According to the NAB, emergence of fresh evidence in the wake of Panama Leaks has given them ground to challenge LHC's verdict.
On September 20, NAB filed a petition in Supreme Court (SC) against Lahore High Court (LHC) verdict to close the Hudaibiya Paper Mills case as Sharifs were cleared in this and Raiwind Assets references.
Awami Muslim League (AML) Chief Sheikh Rasheed had submitted a petition in SC, stating that on July 21, amid hearing of the Panama Papers case, NAB had assured the court to submit reply in seven days on Hudaibiya case but it failed to do so within the mentioned time.
The Hudaibiya Paper Mills is basically about money laundering of Sharif family during 1990s. 
The case was lodged against Nawaz Sharif, his brother and Punjab Chief Minister Shahbaz Sharif, Shahbaz's son and Member of National Assembly Hamza Shahbaz and other members over Federal Minister for Finance Ishaq Dar's confessional statement on April 25, 2000 before magistrate in Lahore.
The reference was afterwards dismissed by LHC on March 11, 2014 in response to a writ petition filed in 2011, stating that Dar was pressurized to record the statement. - NNI

Rabiul Awwal moon to be visible on Nov 19: Met office2017/11/11

ISLAMABAD: The Met Office on Friday predicted that the chances of new moon of Rabiul Awwal 1439 AH would be on the evening of November 19.
The new moon of Rabiul Awwal 1439 AH would be born on crossing junction point at 16:42 PST on November 18, which would be visible on the evening of next day, a met official said ...

Pakistan agrees to an additional package for prioritized SEZs2017/11/11
Samina Nazli

ISLAMABAD: The second meeting of Pakistan China Joint Working Group (JWG) on Industrial Cooperation (IC) was held through Video Link on 9th November 2017. The meeting was Co-Chaired by Li Xuedong, Deputy Director General, of Department of International Cooperation, NDRC from the Chinese side, and Azher Ali Choudhry, Secretary Board of Investment (BOI) from the Pakistan side.
Welcoming the Chinese side, Azher Ali Choudhry, Secretary BOI informed that the development of Special Economic Zones (SEZs) will give the much needed boost to rapid industrialization in Pakistan. He emphasized that we must have a clear cut roadmap for implementation of all the initiatives under industrial cooperation. 
Giving details of actions taken by the Pakistan side after the 6th JCC meeting, it was informed that after extensive efforts and consultations by the Board of Investment, Government of Pakistan has approved an additional incentive package for setting up/relocation of industry in prioritized  SEZs (pSEZs) as per recommended in the 6th JCC meeting; the same was shared with the Chinese side who expressed appreciation for the same. 
Pakistan side hoped that it would be instrumental in attracting Chinese investment in the zones. Secretary BoI also expressed satisfaction that during visit of Chinese experts who conducted trainings related to SEZs and Industrial Zone Development, the Pakistani side has benefitted a great deal from the experience and knowledge of the visiting delegation.
The Deputy Director General, NDRC Li Xuedong appreciated the arrangements made by the BOI in facilitating the visits of two delegations from China. It was informed that Industrial Cooperation is a long-term cooperation. The Expert delegations were comprehensively briefed on the six (6) sites of prioritized SEZs.
It was disclosed that they held intensive discussions with BOI and found that a lot of efforts were made by the Pakistan side. Chinese side showed satisfaction over the SEZ Law and the favorable incentives for investors. A number of Chinese investors have shown great interest in investing in M3 Industrial City in Faisalabad, Chinese SEZ Dhabeji, Sindh and Hattar SEZ in KP province. It was suggested that based on the willingness of the companies, Pakistan side should develop mechanisms to encourage investment in the SEZs.
Chinese side, on the basis of their own assessment, agreed to initially cooperate in the development and promotion of three prioritized SEZs;  M3 Industrial City in Faisalabad, Punjab, Chinese SEZ Dhabeji, Sindh and Hattar SEZ in KP province. Both sides agreed to promote SEZs by using the available mechanism of parent and sisters cities cooperation arrangements.
Chinese side will cooperate, facilitate and encourage Chinese companies for establishing iconic projects to strengthen the Pak-China bilateral relations.

NAB chief for 'accountability for all' principle2017/11/11

ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice (Retd) Javed Iqbal said that he was committed to implementing principle of 'Accountability for All' without any pressure or influence
Speaking to senior officers of NAB, he said that he would listen public complaints about corruption on last Thursday of every month between 1400 to 1600 hours here at bureau's headquarters ...

No peace in Mideast without resolving Palestinian issue2017/11/11
UNITED NATIONS: Pakistan has told a U.N. committee that there can be no lasting peace in the Middle East without a just solution to the Palestinian issue.
"A viable, independent and contiguous State of Palestine on the basis of the internationally agreed parameters, the pre-1967 borders and Al-Quds Al-Sharif as its capital, is the only sustainable guarantee for enduring peace in the Middle East," Ambassador Maleeha Lodhi, permanent representative of Pakistan to the U ...

< 1 2 3 4 5 6 7 8 9 10 >