NAB arrests PML-N leader in Paragon Housing scam

Khawaja Saad Rafique, Member of National Assembly from Lahore, is considered a close aide of PML-N leadership (Photo courtesy: Khawaja Saad Rafique's Twitter account)
Updated 11 December 2018
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NAB arrests PML-N leader in Paragon Housing scam

  • Former federal minister Khawaja Saad Rafique and his younger brother are senior members of the party
  • Lahore High Court rejects bail applications filed by the two

ISLAMABAD: Pakistan's anti-graft body on Tuesday arrested opposition leader Khawaja Saad Rafique and his younger brother, Salman Rafique, for their alleged involvement in a multi-million dollar housing scam in Lahore.

Both the brothers are senior members of the Pakistan Muslim League-Nawaz (PML-N) party.

The Lahore High Court, on Tuesday, rejected the bail application filed by the two in the “Paragon Housing Scam”, following which officials from the National Accountability Bureau (NAB) arrested them from outside the court. 

The two are accused of receiving an overestimated contract for a housing society project which was allegedly approved by the former Chief Minister of Punjab and PML-N president, Shehbaz Sharif.  

The Khawaja brothers rejected the charges, adding that they were politically motivated, even as the Ashiana Housing Scheme case is one of the key charges against Sharif who is currently lodged in Rawalpindi's Kot Lakhpat Jail after being arrested by NAB.  

Saad Rafique served as the railways minister under former-PM Nawaz Sharif, who was removed from office in July last year following the Supreme Court's decision in the Panama Papers' case.

PML-N spokesperson, Marriyum Aurangzeb, while talking to reporters on Tuesday said that the arrest of the Khawaja brothers was nothing but “political vendetta."

Rafique is the member of the National Assembly from Lahore and is considered as a close aide of PML-N leadership. 

Nawaz, the supreme leader of the PML-N and thrice former prime minister, is accused of being involved in two corruption cases, too.


World Bank president in Pakistan to discuss development projects, policy issues

Updated 01 February 2026
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World Bank president in Pakistan to discuss development projects, policy issues

  • Pakistan, World Bank are currently gearing up to implement a 10-year partnership framework to grant $20 billion loans to the cash-strapped nation
  • World Bank President Ajay Banga will hold meetings with Pakistan Prime Minister Shehbaz Sharif and other senior officials during the high-level visit

ISLAMABAD: World Bank President Ajay Banga has arrived in Pakistan to hold talks with senior government officials on development projects and key policy issues, Pakistani state media reported on Sunday, as Islamabad seeks multilateral support to stabilize economy and accelerate growth.

The visit comes at a time when Pakistan and the World Bank are gearing up to implement a 10-year Country Partnership Framework (CPF) to grant $20 billion in loans to the cash-strapped nation.

The World Bank’s lending for Pakistan, due to start this year, will focus on education quality, child stunting, climate resilience, energy efficiency, inclusive development and private investment.

"World Bank President Ajay Banga arrives in Pakistan for a high-level visit," the state-run Pakistan TV Digital reported on Sunday. "During his stay, he will meet Prime Minister Shehbaz Sharif and other senior officials to discuss economic reforms, development projects, and key policy issues."

Pakistan, which nearly defaulted on its foreign debt obligations in 2023, is currently making efforts to stabilize its economy under a $7 billion International Monetary Fund (IMF) program.

Besides efforts to boost trade and foreign investment, Islamabad has been seeking support from multilateral financial institutions to ensure economic recovery.

“This partnership fosters a unified and focused vision for your county around six outcomes with clear, tangible and ambitious 10-year targets,” Martin Raiser, the World Bank vice president for South Asia, had said at the launch of the CPF in Jan. last year.

“We hope that the CPF will serve as an anchor for this engagement to keep us on the right track. Partnerships will equally be critical. More resources will be needed to have the impact at the scale that we wish to achieve and this will require close collaboration with all the development partners.”

In Dec., the World Bank said it had approved $700 million in ​financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.

It ‍followed a $47.9 ‍million World Bank grant ‍in August last year to improve primary education in Pakistan's most populous Punjab province.