ISLAMABAD: Pakistan’s Supreme Court ruled on Friday that a leaked video of a former accountability court judge sacked over a scandal relating to the jailing of former Prime Minister Nawaz Sharif on corruption charges was of no legal use unless established to be a genuine piece of evidence in a court of law.
At a press conference flanked by senior leaders of Sharif’s Pakistan Muslim League-Nawaz (PMLN) party last month, the leader’s daughter, Maryam Nawaz Sharif, showed clips of a video of a meeting between accountability judge Arshad Malik and PMLN leader Nasir Butt in which the judge, Maryam alleged, had confessed 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.
Last year, Sharif was sentenced to seven years in prison and fined $25 million on corruption charges by Judge Malik who ruled that the three-time prime minister was unable to prove the source of income that had led to his ownership of the Al-Azizia 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.
“The relevant video cannot be of any legal benefit to Mian Muhammad Nawaz Sharif unless it is properly produced before the Islamabad High Court … [and] its genuineness is established and then the same is proved in accordance with the law for it to be treated as evidence in the case,” the top court ruled on Friday.
The Supreme Court also listed at least 21 requirements for the leaked video to be proved a genuine piece of evidence before the Islamabad High Court, where Sharif’s appeal against the Al-Azizia verdict is pending adjudication.
The court said that if the video was proved to be genuine through a legal process, the Islamabad High Court could either “reappraise the evidence itself” or remand the case to the trial court for “re-deciding.”
“We find that it may not be an appropriate stage for this court to interfere in the matter of the relevant video and its effects,” the court ruled.
In Friday’s ruling, the Supreme Court also admonished the sacked accountability judge, saying “his sordid and disgusting conduct has made thousands of honest, upright, fair and proper judges in the country hang their heads in shame.” The court added that the Lahore High Court should initiate disciplinary proceedings against Malik.
Malik denies all charges and says representatives of the Sharif family had offered him bribes repeatedly to rule in the former prime minister’s favor and also threatened him but he did not oblige. The Sharif family denies the accusations.
Top court rules judge video legally useless for Nawaz Sharif unless proven genuine
Top court rules judge video legally useless for Nawaz Sharif unless proven genuine
- Supreme Court says corruption verdict against jailed ex-PM can be sent for “re-deciding” if video proven authentic
- Says accountability judge’s “sordid” conduct had brought disrepute to entire Pakistani judiciary
Death toll from heavy rains in northwestern Pakistan surges to 92
- Heavy rains in Pakistan’s northwest have injured 110, destroyed 4,200 houses since Apr. 10, says authority
- Prone to natural disasters, Pakistan consistently ranks among countries most affected by impacts of climate change
PESHAWAR: The death toll from rain-related incidents in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province since Apr. 10 has surged to 92 while the number of injured has increased to 116, a spokesperson of the Provincial Disaster Management Authority (PDMA) confirmed on Tuesday.
The rains which began on Apr. 10 have destroyed 4,200 houses and damaged 5,900 others, PDMA spokesperson Anwar Shehzad shared. At least 17 people have been killed and 23 injured in rain-related incidents over the past three days, as per data from the PDMA’s latest report on Tuesday.
The report said the 17 dead included nine men, three women and five children while the 23 injured included nine men, three women and 11 children. Deaths and financial losses due to heavy rains were reported in Bajaur, Swat, Mansehra, Battagram, Dir Lower, Malakand, Lakki Marwat, Shangla, Mohmand and South Waziristan districts, the PDMA report added.
“At least 92 persons have died including women, children, and elderly people while 116 others were wounded since Apr. 10 in incidents involving roof collapse and lightning in parts of the province,” Shehzad told Arab News.
The PDMA’s report said the authority, district administrations and relief teams are engaged in relief activities in the affected districts. “The PDMA has also directed district administrations of the affected districts to provide immediate financial support to the victims,” it added.
Pakistan has received heavy rains this month that have triggered landslides and flash floods in several parts of the country.
The eastern province of Punjab has reported 21 lighting- and roof collapse-related deaths, while Balochistan, in the country’s southwest, reported at least 15 deaths this month from torrential rains.
In 2022, unprecedented rains swelled Pakistan’s rivers and at one point flooded a third of the country, killing 1,739 people. The floods also caused over $30 billion in damages, from which Pakistan is still trying to rebuild.
Pakistan has been prone to natural disasters and consistently ranks among the most severely affected countries in the world due to the effects of climate change.
Pakistani PM says IMF approval of $1.1 billion funding to bring economic stability
- Funding is last tranche of a $3 billion standby arrangement with the IMF secured last year
- Islamabad is seeking a new, larger long-term Extended Fund Facility agreement with the IMF
ISLAMABAD: Prime Minister Shehbaz Sharif said on Tuesday the International Monetary Fund’s approval of $1.1 billion in funding for Pakistan would bring economic stability, amid discussions for a new bailout loan.
The funding is the second and last tranche of a $3 billion standby arrangement with the IMF, which Islamabad secured last summer to help avert a sovereign default.
The approval came a day after Sharif discussed a new loan program with IMF Managing Director Kristalina Georgieva on the sidelines of the World Economic Forum in Riyadh.
“Sharif expressed his satisfaction over the release of the last financial tranche of the IMF today,” the Prime Minister’s Office (PMO) said in a statement. “Receiving the last tranche of 1.1 billion dollars from the IMF will bring more economic stability in Pakistan.”
This is the second Stand-by Arrangement (SBA) for short-term financial assistance that Pakistan has completed, the last one being in 2016 during the government of three-time PM Nawaz Sharif, who is Sharif’s elder brother.
“Bitter and difficult decisions were taken for the economic security of Pakistan, but their fruits are coming in the form of economic stability,” Sharif added about reforms under the IMF program.
The $350 billion economy faces a chronic balance of payments crisis, with nearly $24 billion to repay in debt and interest over the next fiscal year — three-time more than its central bank’s foreign currency reserves.
Islamabad is seeking a new, larger long-term Extended Fund Facility (EFF) agreement with the fund after the current standby arrangement expires this month, and continuing with necessary policy reforms to rein in deficits, build up reserves and manage soaring debt servicing.
Aramco acquires 40% stake in GO, marking first entry into Pakistani fuel retail market
- Saudi oil giant Aramco inked agreement to buy 40 percent stake in Gas and Oil Pakistan Ltd. in December 2023
- Acquisition to bring much-needed foreign direct investment in Pakistan’s energy sector, says competition commission
KARACHI: The Competition Commission of Pakistan (CCP) this week approved Saudi oil giant Aramco’s decision to acquire a 40 percent stake in local company Gas & Oil Pakistan Ltd, officially marking the Saudi company’s entry into Pakistan’s fuels retail market.
Aramco and Gas signed the agreement to acquire 40 percent stake in Gas and Oil Pakistan Ltd., a licensed oil marketing company, in December 2023. Gas and Oil Pakistan Ltd. is involved in the procurement, storage, sale, and marketing of petroleum products and lubricants. It is also one of Pakistan’s largest retail and storage companies.
Aramco is a global integrated energy and chemicals company that produces approximately one in every eight barrels of the world’s oil supply and develops cutting-edge energy technologies. Aramco Asia Singapore Pte. Ltd., a Singaporean company wholly owned by Saudi Aramco, filed the pre-merger application with the CCP. It specializes in sales, marketing, procurement, logistics, and related services, with a focus on prospecting, exploring, drilling, extracting, processing, manufacturing, refining, and marketing hydrocarbon substances.
“The Competition Commission of Pakistan (CCP) approved a 40 percent equity stake acquisition in Gas & Oil Pakistan Ltd. (GO) by Aramco, a global leader in integrated energy and chemicals,” the CCP said in a statement on Monday. “This transaction marks Aramco’s first entry into Pakistan’s fuels retail market, underscoring its confidence in the country’s economic potential and its commitment to its growth.”
The CCP said it had authorized the merger after determining that the acquisition would not result in the acquirers’ “dominance” in the relevant market post-transaction.
“Aramco’s acquisition indicates a significant milestone in Pakistan’s energy sector, bringing advanced expertise and technology to the fuels retail market,” it said. “This development is expected to boost competition, elevate service standards, and provide consumers with a broader range of high-quality products.”
The CCP said the acquisition would help bring much-needed foreign direct investment in Pakistan’s energy sector, contributing to economic growth and development of the country.
In February 2019, Pakistan and Saudi Arabia inked investment deals totaling $21 billion during the visit of Saudi Crown Prince Mohammed Bin Salman to Islamabad. The agreements included about $10 billion for an Aramco oil refinery and $1 billion for a petrochemical complex at the strategic Gwadar Port in Balochistan.
Pakistan’s Prime Minister Shehbaz Sharif, who is in Saudi Arabia for a special meeting of the World Economic Forum, held meetings this week with Saudi Arabia’s ministers of energy, economy and planning, and environment, according to his office.
In a meeting with Saudi Energy Minister Prince Abdulaziz bin Salman on Monday evening, Sharif highlighted initiatives undertaken by Pakistan to facilitate investment in the energy sector. The Saudi side showed keen interest in Pakistan’s energy projects highlighted by Sharif, the Prime Minister’s Office (PMO) said.
The proposed projects included building new and improving existing energy infrastructure, increasing focus on renewable energy, and bringing efficiency across entire energy ecosystem in Pakistan, according to the statement.
Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and serves as the top source of remittances to the cash-strapped South Asian country.
Both countries have been closely working to increase bilateral trade and investment deals, and the Kingdom recently reaffirmed its commitment to expedite an investment package worth $5 billion.
Abu Dhabi International Book Fair kicks off with Pakistani writers participating for first time
- Two panels on Pakistani literature and drama will speak at the international fair
- This year’s fair welcomes 145 new exhibitors and publishers from around the world
ISLAMABAD: The Abu Dhabi International Book Fair, considered one of the world’s most important cultural platforms, kicked off this week in the UAE capital with participation from Pakistani writers for the first time ever.
The book fair is an annual event that brings different writers together with the goal of promoting reading, diverse cultures and knowledge locally, regionally, and globally. Organizers of the fair say their aim is also to promote cultural exchange and dialogue between several nations.
It also brings together leaders from the publishing and creative industries every year, providing promising opportunities for those involved in this sector to form new partnerships, learn about the latest trends and developments and discuss its fundamental priorities.
“Pakistan is being represented at the Abu Dhabi Internationally Book Fair at @Adnec from April 29 to May 5,” the Pakistan Consulate General Dubai wrote on social media platform X on Monday.
Two sessions at the fair will feature participation from Pakistani writers. On May 1, a session titled: “The Pakistani Drama: Capturing Diverse Realities, Dreaming Many Dreams” will be moderated by journalist Mehwish Ajaz. It will feature panelists Amna Mufti, a renowned Urdu playwright and novelist, and Shazia Ali Khan, a UAE-based Urdu film screenplay writer.
The second session is scheduled to be held on May 3 and is titled: “Pakistani Fiction’s Connection with Past, Present & Future.” This session will be moderated by Mufti and will feature participation from Urdu novelist Tahira Iqbal and Osama Siddique, an English and Urdu novelist.
This year’s fair welcomes 145 new exhibitors and publishers this year along with 12 countries joining for the first time, namely Greece, Sri Lanka, Malaysia, Pakistan, Cyprus, Bulgaria, Mozambique, Uzbekistan, Tajikistan, Turkmenistan, Kyrgyzstan, and Indonesia.
PM Sharif thanks Saudi crown prince for ‘comprehensive’ Pakistan investment program
- Pakistani PM meets Saudi Crown Prince Mohammed bin Salman during visit to Riyadh for World Economic Forum meeting
- Kingdom’s foreign minister visited Pakistan this month to push forward previously agreed investment deals, strengthen cooperation
ISLAMABAD: Prime Minister Shehbaz Sharif met Saudi Crown Prince Mohammed bin Salman on Monday to discuss matters of mutual interest and regional developments, thanking him for a “comprehensive” program presented by Saudi ministers regarding investment in Pakistan, Sharif’s office said on Monday.
Sharif has held meetings with Saudi officials and ministers since he arrived in Riyadh on Saturday to attend a two-day World Economic Forum (WEF) special meeting on energy, collaboration, and health. His visit to the Kingdom follows Saudi Foreign Minister Prince Faisal bin Farhan’s trip to Pakistan in mid-April with a high-level delegation. The Saudi foreign minister’s visit was aimed at strengthening bilateral economic cooperation and pushing forward previously agreed investment deals. Pakistan has said it pitched investment projects worth $30 billion to Riyadh during Prince Faisal’s visit.
In videos and pictures shared by Sharif’s office, the two leaders can be seen interacting with each other in the presence of their teams. Sharif thanked the Saudi crown prince for sending the high-level delegation to Pakistan and issuing directions for more Saudi delegations to visit the country “to promote investment,” the Prime Minister’s Office (PMO) said.
“The Prime Minister expressed gratitude to the Crown Prince for the hospitality during his visit to Saudi Arabia and for a comprehensive program presented by Saudi Ministers regarding investment in Pakistan,” the PMO said.
The statement added that both leaders agreed to further promote cooperation in different sectors as they discussed areas of mutual interest and expressed satisfaction over their meeting in Makkah earlier this month.
“The situation in Gaza was also discussed in the meeting,” the PMO said. “The Prime Minister reiterated the invitation to the Saudi Crown Prince to visit Pakistan.”
Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and serves as the top source of remittances to the cash-strapped South Asian country.
Both Pakistan and Saudi Arabia have been closely working to increase bilateral trade and investment deals, and the Kingdom recently reaffirmed its commitment to expedite an investment package worth $5 billion.
Pakistan set up the Special Investment Facilitation Council (SIFC), a hybrid civil-military body, in June 2023 to attract international investments mainly from Gulf countries. The SIFC has identified mining, agriculture, energy and information technology as some of the key sectors where it hopes to attract foreign funding.
Cash-strapped Pakistan desperately needs to shore up its foreign reserves and signal to the International Monetary Fund (IMF) that it can continue to meet requirements for foreign financing that has been a key demand in previous bailout packages.
Saudi Arabia has often come to Pakistan’s aid in the past, regularly providing it oil on deferred payments and offering direct financial support to help stabilize its economy and shore up its forex reserves.
