Pakistan PM vows accountability for ex-premier, ex-president

People watch a televised speech of Pakistan's Prime Minister Imran Khan, in Karachi, Pakistan, Wednesday, June 12, 2019. Khan vowed to ensure that former President Asif Ali Zardari and ex-Premier Nawaz Sharif are held accountable for wrongdoing, accusing them of being responsible for the financial crisis currently faced by the Islamic nation. (AP)
Updated 12 June 2019
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Pakistan PM vows accountability for ex-premier, ex-president

  • High-powered body to investigate spending of foreign borrowings
  • Both ex-premier and former president have denied any wrongdoing

ISLAMABAD: Pakistan’s prime minister vowed Tuesday to ensure that former president Asif Ali Zardari and ex-premier Nawaz Sharif are held accountable for wrongdoing, accusing them of being responsible for the financial crisis currently faced by the Islamic nation.
In a televised speech, Imran Khan said Pakistan’s foreign debt increased dramatically during the two men’s tenures. He said he will set up a high-powered body to investigate where foreign loan money obtained by Zardari and Sharif was spent.
“I will not spare them,” he said. “I will go after them.”
Sharif, who served as the country’s premier three times, was ousted from office by the Supreme Court in 2017 because of the corruption charges against him. Sharif, along with other family members, has cases still pending against him.
Zardari, currently a member in the lower house of parliament, and his sister have been accused by the National Accountability Bureau of holding dozens of bogus bank accounts. They have denied any wrongdoing.
Khan’s comments came hours after his government presented its first budget proposal, which calls for additional taxes and increasing electricity and gas tariffs to meet International Monetary Fund conditions for receiving a $6 billion bailout.
His speech also came hours after a Pakistani court handed Zardari over to a national anti-graft body for questions regarding a multi-million-dollar money laundering case.
Asif Ali Zardari will be held for 10 days pending an investigation.
The court order came a day after Zardari was arrested after he and his sister’s bail applications were denied. However, authorities did not arrest Faryal Talpur. No explanation was given.
Zardari’s opposition Pakistan People’s Party claims the charges against him are politically motivated, which the government denies. Several prominent politicians and businessmen have been swept up on corruption charges since Khan took office last year, after winning a narrow majority in parliamentary elections. Khan campaigned heavily on promises to root out graft among the country’s elite.
Zardari, widower of assassinated former Prime Minister Benazir Bhutto, was president for five years, until 2013.
Zardari’s Tuesday court hearing was held amid tight security, as his party’s supporters held small rallies across the country to condemn the arrest. Zardari will appear in court again on June 21, when the anti-graft body is expected to press or drop charges.
Also on Tuesday, the anti-graft body arrested Hamza Shahbaz, a politician who is the son of opposition leader Shahbaz Sharif, after the rejection of his bail in a corruption case. He is also the nephew of Nawaz Sharif.
Sharif and Zardari are longtime political rivals but their parties recently joined together, vowing to launch a protest campaign against Khan’s government over increasing inflation and a spike in prices of essential food items.
Meanwhile, police in London on Tuesday arrested Altaf Hussain, the self-exiled leader of the ethnic-based Muttahida Qaumi party. Pakistan has sought his arrest since a televised speech in August 2016 condemning the country’s politically influential army, state-run media reported.
It was not immediately clear why British authorities detained Hussain. The London police said in a statement that an investigation was ongoing.


UAE, Pakistan launch new feeder service to strengthen maritime connectivity

Updated 5 sec ago
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UAE, Pakistan launch new feeder service to strengthen maritime connectivity

  • The new service establishes a regular shipping link between Karachi and the UAE ports of Fujairah and Khor Fakkan
  • It will support supply chain continuity and help ensure Pakistan’s trade maintains dependable access to global markets

KARACHI: Pakistan and Emirati authorities have launched a new feeder service linking Karachi with the UAE ports of Fujairah and Khor Fakkan to strengthen maritime connectivity, the Karachi Port Trust (KPT) announced on Thursday.

The UAE is Pakistan’s third-largest trading partner, after China and the United States. Policymakers in Pakistan consider the UAE an optimal export destination due to its geographical proximity, which minimizes transportation and freight costs

The new service establishes a regular shipping link between Karachi and two of the region’s key transshipment hubs, enabling Pakistani importers and exporters to maintain reliable access to global container shipping networks.

The service will call at the Karachi Gateway Terminal Limited (KGTL), part of AD Ports Group’s international operating arm, Noatum Ports. The first vessel of the service arrived at KGTL on the evening of 11 March, officially marking the start of regular operations.

“The introduction of this feeder service further enhances Karachi Port’s connectivity with key regional hubs and supports Pakistan’s growing trade requirements,” KPT Chairman Rear Admiral (Retd.) Shahid Ahmed said in a statement.

“Strengthening maritime links with the UAE will help facilitate smoother cargo movement while providing greater flexibility for the country’s trading community as per the vision of honorable Minister for Maritime Affairs Mr.Junaid Anwar Choudhry.”

Pakistan’s economy relies heavily on maritime trade, and strengthened connectivity with regional transshipment hubs provides additional resilience for exporters, importers and supply chains. The new feeder link supports supply chain continuity through KGTL and helps ensure Pakistan’s trade maintains dependable access to international markets, according to KPT.

Cargo routed through Fujairah and Khor Fakkan will benefit from seamless connectivity to regional and international shipping networks, supported by the UAE’s advanced logistics infrastructure. Containers can be efficiently transferred via integrated road and rail corridors to major commercial hubs and logistics centers across the UAE.

“The commencement of this feeder service reflects KGTL’s continued commitment to strengthening Pakistan’s maritime connectivity and supporting the country’s trading community,” said KGTL Chief Executive Officer Khurram Aziz Khan.

“By linking Karachi directly with major UAE transshipment hubs, this service provides importers and exporters with reliable access to global shipping networks while reinforcing the role of Karachi Gateway Terminal as a key gateway for international trade.”