ISLAMABAD: An accountability court on Tuesday extended the judicial remand of Pakistan’s former prime minister Shahid Khaqan Abbasi till February 21 in a case involving a multibillion-rupee liquefied natural gas (LNG) import contract to Qatar.
Abbasi, who is also the vice president of the opposition Pakistan Muslim League-Nawaz (PML-N) party, was arrested in July last year for alleged misappropriation of funds in the LNG import deal. However, he denies the charge.
The former prime minister on Saturday filed a post-arrest bail petition in the Islamabad High Court, but it is yet to be taken up.
“The petitioner has been in the National Accountability Bureau’s detention for 191 days, and the bureau’s real motive is only to harass the petitioner now,” the plea argued. Abbasi’s party, the PML-N, has also maintained that the former prime minister is politically victimized.
Pakistan is currently receiving a supply of 500 million cubic feet per day of LNG from Qatar under a 15-year agreement at 13.37 percent of Brent crude price. It is a government-to-government agreement and the price can only be reviewed after 10 years of the contract.
NAB officials believe Abbasi’s alleged misappropriation of funds in the LNG case has caused a loss of about $2 billion to the national exchequer.
Abbasi is also investigated for allegedly granting a 15-year contract for an LNG terminal to a “favored” company. However, he rejects the allegations.
Ex-PM Abbasi’s judicial remand extended in Qatar LNG case
https://arab.news/cqtbp
Ex-PM Abbasi’s judicial remand extended in Qatar LNG case
- The former PM filed for a post-arrest bail in the case on Saturday
- The anti-graft body claims the LNG deal caused a loss of $2 billion to national exchequer
Pakistan engages Saudi Arabia, China in bid to ease surging Middle East tensions
- Pakistan’s foreign minister stresses need for de-escalation in conversations with Chinese, Saudi counterparts
- Tensions in the Middle East continue to remain high as conflict between US, Israel and Iran intensifies
ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar spoke to the foreign ministers of Saudi Arabia and China on Tuesday, stressing the importance of diplomatic engagement to de-escalate tensions in the Middle East as the Iran war intensifies.
Pakistan has constantly engaged regional countries in efforts to broker a ceasefire in the Middle East, after the US and Isreal launched coordinated strikes against Iran on Feb. 28.
Iran launched fresh attacks on Gulf countries on Tuesday morning, where it has targeted US military bases in recent weeks. In addition to firing missiles and drones at Israel and American bases in the region, Iran has also been targeting energy infrastructure which, combined with its stranglehold on the Strait of Hormuz, has sent oil prices soaring worldwide.
Dar spoke to Saudi Foreign Minister Prince Faisal bin Farhan to discuss developments in the Middle East and ongoing deliberations at the UN Security Council, Pakistan’s foreign office said in a statement.
“DPM/FM shared Pakistan’s perspective, underscoring the importance of continued coordination and diplomatic engagement to support de-escalation and promote peace and stability across the region and beyond,” the statement said.
Dar, who also serves as Pakistan’s foreign minister, spoke to Chinese foreign minister Wang Yi over the telephone separately. The two discussed the evolving regional situation and broader global developments.
Dar underscored the need to ease tensions in the Middle East and the wider region during the conversation, the foreign office said.
Yi appreciated Pakistan’s constructive efforts aimed at promoting de-escalation and stability in the region, it added.
“The two leaders stressed the importance of de-escalation and emphasized the need to pursue dialogue and diplomacy in accordance with the principles of the UN Charter,” the foreign office’s statement said.
The conflict in the Middle East has hit Pakistan hard as well, forcing Islamabad to hike petrol and diesel prices by Rs55 per liter last Friday.
Pakistan’s government has also announced a set of austerity measures, which include closing schools and cutting down on government expenditures, as it evaluates petrol stocks and looks for alternative supply routes.
