ISLAMABAD: An accountability court judge said on Sunday he had ruled in a corruption case against former Prime Minister Nawaz Sharif on the “basis of evidence,” rejecting accusations by the daughter of the jailed leader that her father was wrongfully convicted because the judge was “blackmailed” into issuing a wrongful verdict.
At a press conference flanked by senior leaders of the Sharif’s Pakistan Muslim League-Nawaz (PMLN) party on Saturday, Maryam Nawaz Sharif said accountability judge Arshad Malik had confessed during a meeting with PMLN leader Nasir Butt that he was forced to issue an “unjust” verdict against Sharif by ‘people’ who blackmailed him with a “personal video.” The video of Malik’s conversation with Butt was ostensibly filmed in secret, without his permission.
Sharif was sentenced to seven years in prison and fined $25 million on corruption charges by Judge Malik in December last year who ruled that the three-time prime minister was unable to prove the source of income that had led to his ownership of a steel mill in Saudi Arabia. Under Pakistani law, this is taken to prove corruption. On the same day, Malik acquitted Sharif in a second case relating to Flagship Investments, a company established by his son, Hasan Nawaz, that owns luxury properties in Britain.
“If I had to bow to pressure or any material greed, I would not have exonerated [Nawaz Sharif] in one case and handed down punishment in another one,” Malik said in a press statement on Sunday. “I want to clarify it there was neither any direct or indirect pressure on me nor was there any greed. I decided all these cases on the basis of evidence.”
He added that representatives of the Sharif family had offered him bribes repeatedly to rule in the former prime minister’s favor and also threatened him: “I decided to stay firm … entrusted my life and wealth to Allah,” Malik said.
He said the video shown in Maryam’s presser was “fake and concocted,” urging legal action against those involved in making it.
Describing the clip as “divine help” for her family, Maryam had described during her press conference that the judge could be heard in the video highlighting several flaws in his own verdict that he wanted Nasir Butt to convey to the Sharif family lawyers to help him get an acquittal verdict in appeal hearings.
Sharif has always termed the charges against him politically motivated and accused the military and courts of working together to end his political career and destabilize the PMLN party. Both deny the charge.
PMLN spokesperson Marrium Aurangzeb rejected Malik’s accusations that he was offered bribes or threatened by Sharif family representatives, and said if there was pressure on the judge, he should have come forward earlier while the cases were being heard.
“If there was pressure on him, he should have told Supreme Court ... that Sharif family representatives had offered him a bribe,” she told Arab News on Sunday.
A day earlier, Pakistan’s de facto information minister, Firdous Ashiq Awan, had condemned the allegations against the accountability judge and said the PML-N had maligned the judiciary. She said a forensic audit of the video would be conducted, adding that it was important to ascertain if the contents of the video were “real or tampered.”
Pakistan’s Electronic Media regulatory Authority (PEMRA) has also sent a notice to several private news channels over the live broadcast of Maryam’s press conference, calling it “in violation of PEMRA laws and code of conduct.”
On Sunday, opposition leader and chairman of the Pakistan People’s Party, Bilawal Bhutto, expressed “grave concern” over Maryam’s allegations and called upon the superior judiciary to take appropriate action.
“If for some reason the judiciary is not inclined to address such issues then the opposition parties must deliberate on it and formulate a united course of action,” Bilawal’s spokesperson senator Mustafa Nawaz Khokhar said.
Politics professor Dr. Rasul Bakhsh Rais said if the video was indeed genuine, then “the burden of proof is on the honorable judge to prove he was blackmailed.”
“Ethically, professionally and legally, a judge, such as him, is wrong and guilty of miscarriage of justice if he admits that he has given a verdict under pressure,” Rais said. “I think the judge has been drafted into playing politics in support of the Sharif family. He had an option to recuse himself from the case if he felt someone was placing him under pressure.”
Pakistani judge rejects accusations he ruled against ex-PM Sharif under duress
Pakistani judge rejects accusations he ruled against ex-PM Sharif under duress
- Says decided all cases “on the basis of evidence” despite being offered bribes and threatened by Sharifs
- Sharif’s daughter held a press conference on Saturday, showed a secretly-filmed video of the judge admitting he wrote verdicts under pressure
Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects
- Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
- Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight
ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.
The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.
Pakistan has been moving to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight, and encouraging innovation in blockchain-based financial services.
“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement.
“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”
Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.
Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.
Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said.
Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.
Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.
Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.
In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.











