Sunday, 21 October, 2018


Accountability Court grants Dar's plea for exemption from appearance till Nov 8

Saeed Ahmed alleged that Ishaq Dar's company opened five foreign currency accounts on his name Saeed Ahmed alleged that Ishaq Dar's company opened five foreign currency accounts on his name
Bennie Garza | 02 November, 2017, 12:24

The accountability court on Thursday approved Finance Minister Ishaq Dar's one-day immunity from the court appearance in a corruption references filed by the NAB regarding assets beyond means.

NBP President Saeed Ahmed was offered to become an approver against Sharifs and Ishaq Dar during his first appearance in NAB's Lahore office. Furthermore, it was decided by the authorities to conduct forensic tests of account opening forms. Dar was represented by secondary counsel Ayesha Hamid. The minister's guarantor informed the court that Dar is in London for medical treatment.

Judge Mohammad Bashir ordered to continue bailable arrest warrants for the minister, besides rejecting the NAB plea to issue non-bailable warrants for Dar on failing to appear before the court.

On the other hand, sources said that National Accountability Bureau (NAB) may not serve further notices to Sharif family for recording their statements and would file the cases on the basis of JIT report.

He also said that Dar will have to undergo angiography on November 3 and therefore could not attend the hearing.

NAB had passed a "freezing order" on October 18 regarding two-and-a-half dozen bank accounts and assets of Dar in Pakistan and overseas, the court documents revealed.

The prosecutor submitted details of Dar's assets and argued that NAB cheif could pass orders to freeze the assets under the Ordinance.

During the proceedings, the NAB prosecutor also asked the court to validate the bureau's claim to freeze Dar's assets overseas.

Hamid told the court that NAB had also moved to freeze assets which Dar had already sold.

Dar was indicted last month in the case in which he is accused of making assets that were "disproportionate to his known sources of income for which he could not reasonably account for".

The bureau had seized the assets of Dar following NAB chairman's orders, which are valid for 15 days under the NAB Ordinance.

NAB has listed the properties and assets of Dar as follows: A house in Gulberg, Lahore, a two-kanal plot in Parliamentarians Enclave, Islamabad, a two-kanal plot with Ayaz Builders (Pvt) Ltd, a plot in Senate Cooperative Housing Society, Islamabad, a two kanal and 19 marla plot in the name of Mrs Tabassum Dar, three plots in Alflah Housing Society, Lahore owned by Dar, his wife and son Ali Mustafa Dar and six acres in Mouza Milot owned by him and his wife.

Dar, who is now in London, is also expected to return back to Pakistan on November 2 to appear before an accountability court in connection with a corruption reference, filed by the National Accountability Bureau (NAB).

Recommended

loading...
...
  • Shares Continuing to Trade Below Moving Averages: Regal Entertainment Group (NYSE:RGC)

    On October 5 the company was changed to "Equal-Weight" by Morgan Stanley which is up from the previous "Underweight" rating. Also, CFO David Ownby acquired 7,500 shares of the company's stock in a transaction that occurred on Thursday, August 24th.

    Simple Moving Average Analysis of Phillips 66 (PSX)

    Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The stock has a market capitalization of $43.00 billion, a price-to-earnings ratio of 21.62 and a beta of 1.35.
    Check Point Software Technologies Ltd. (CHKP) Price Target Raised to $110.00

    Check Point Software Technologies Ltd. (CHKP) Price Target Raised to $110.00

    Credit Suisse Group initiated coverage on Check Point Software Technologies in a research report on Tuesday, September 5th. Evercore maintained Check Point Software Technologies Ltd . (NASDAQ: CHKP ) rating on Friday, August 11.
  • Seeyouatmidnight to serve the Scots a Grand National double

    Seeyouatmidnight to serve the Scots a Grand National double

    He was runner-up behind Big River in the Edinburgh Gin Handicap Hurdle at Kelso and he then placed third at Newbury in March. Those having a bet on the Grand National will find him available at 16/1 with Paddy Power in the ante-post list.
    Royal Dutch Shell announces surging net profits

    Royal Dutch Shell announces surging net profits

    On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time.

    Fossil Group, Inc. (FOSL)

    The accessories brand company reported ($0.23) EPS for the quarter, beating the Zacks' consensus estimate of ($0.28) by $0.05. Fossil Group, Inc. (FOSL ) has 0.05 billion shares outstanding now , 107.61% of which belong to institutional investors.
  • PM Narendra Modi tears into Congress govt, calls the party laughing club

    PM Narendra Modi tears into Congress govt, calls the party laughing club

    Earlier this week, the Supreme Court sought to know the rate of conviction of politicians in criminal cases. Ram Kumar, an INC candidate contesting from Doon constituency, has a case related to murder against him.

    $3.00 EPS Expected for Avis Budget Group Inc. (CAR)

    The expected CAR's profit could reach $247.83M giving the stock 3.46 P/E in the case that $3.00 earnings per share is reported. In the last 12 months, there have been 38 open market buys by insiders and 54 sells for a total of 92 insider trades.
    DAC accords AON of 111 Naval Utility Helicopters

    DAC accords AON of 111 Naval Utility Helicopters

    The twin-engine helicopter, meant to be flown by two pilots, will have wheeled landing gear and blade-fold capability. Prominent contenders for the program include Russian Helicopters, Airbus Helicopters, Sikorsky and Bell.
  • General Overview of Cisco CCNA R&S Questions and Answers

    In addition to this, they will also build their skills and knowledge levels required to implement WLAN in a small/medium network. At the end of the course, they will also be able to resolve regular issues with EIGRP, STP, and OSPF in IPv4 and IPv6 networks.
    Angry Oyo-Ita confronts Kyari in FEC over leaked memo

    Angry Oyo-Ita confronts Kyari in FEC over leaked memo

    Oyo-Ita said that her warning was based on the implications such reinstatement would have on the anti-corruption war of the Federal Government.

    Netflix, Inc. (NASDAQ:NFLX) Trading Down - Insider Trading Activity

    Aviance Capital Management LLC bought a new position in shares of Netflix during the second quarter valued at about $137,000. Captrust Financial Advisors bought a new position in shares of Netflix during the second quarter valued at about $139,000.

The First Offline Date After Online Relationships The First Offline Date After Online Relationships The Date Day: How To Behave When you meet your date offline for the first time, there are many things that can go wrong. That is a very responsible step that will either empower or destroy the already formed relationships.

Gustav Klimt Could Challenge For 2,000 Guineas Gustav Klimt Could Challenge For 2,000 Guineas However, Gustav Klimt bounced back with a fine performance at the Barronstown Stud Irish European Breeders Fund in June last year. Gustav Klimt moved to the inside down the final furlong and found just enough speed to beat out his compatriot Nebo by a head .

Irish masters Elliott and Mullins set for three-pronged attacks in Grand National Irish masters Elliott and Mullins set for three-pronged attacks in Grand National As for Elliott, his Grand National trio this year are headed by three-time Cheltenham Festival winner Tiger Roll . The 2018 renewal has a typically wide-open feel and that’s certainly evident from a betting perspective.

Houston's American Midstream buying Southcross Energy Houston's American Midstream buying Southcross Energy Tetra Tech, Inc.is a provider of consulting, engineering, program management, construction management, and technical services. Verity Asset Incorporated stated it has 0.26% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP).

Centre Sets Up Arun Jaitley-Led Panel For State-Run Banks' Merger Centre Sets Up Arun Jaitley-Led Panel For State-Run Banks' Merger This followed State Bank of India's merger with its five associate banks and the Bharatiya Mahila Bank earlier this year. Consolidation will help these banks in dealing better with their credit portfolio including stressed assets.

WINTON GROUP Ltd Reduces Holdings in Sherwin-Williams Company (The) (SHW) It is negative, as 39 investors sold MSFT shares while 982 reduced holdings. 34 funds opened positions while 71 raised stakes. Gotham Asset Limited Liability Corporation reported 0.01% of its portfolio in Insys Therapeutics Inc (NASDAQ:INSY).

ON Semiconductor Corporation (ON) Expected to Post Quarterly Sales of $1.37 Billion Commerzbank Aktiengesellschaft Fi holds 0% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY) for 14,290 shares. Wellington Management Group LLP raised its holdings in shares of ON Semiconductor Corporation by 234.5% in the first quarter.

Security increased for Monumental Marathon following NY terror attack Security increased for Monumental Marathon following NY  terror attack Additionally, K-9 units will be moving along the route, and aviation patrols will be surveying rooftops from the air. When Channel 3 visited Times Square on Wednesday, police officers with heavy weapons were seen throughout the area.

Rohit, Dhawan fire as India give Nehra a fitting farewell Rohit, Dhawan fire as India give Nehra a fitting farewell I am emotional but happy to play for nearly 19 years as a fast bowler for Team india ", the lanky paceman added. The lanky seamer acknowledged that he was lucky to be going on his own terms and in front of his home crowd.

American Water Works meets 3Q profit forecasts Korea Investment Corp lowered its investment in American Water Works Company, I by 16,600 shares in the quarter ending 09/30/2017. The stock's 50-day average volume has been 861,452 shares, with an average of 100% of medium term indicators pointing toward Buy.

Rugby World Cup schedule announcement Rugby World Cup schedule announcement Their third game will be against Africa 1 at the Tokyo National Stadium (capacity 49,975) on Sunday October 6 at 1.45pm. The All Blacks will take on the repechage victor at Oita Stadium on 2 October at 7.15pm Japan time.

Japanese PM Abe says North Korean missiles can reach Europe Japanese PM Abe says North Korean missiles can reach Europe His Liberal Democratic Party and its junior coalition partner retained a two-thirds majority in the house. His Liberal Democratic Party won a large majority in the October 22 popular vote.

Dogara condoles with Tinubu over son's death Dogara condoles with Tinubu over son's death Many who met the late Jide who was a lawyer, fondly described him as cerebral, industrious and full of life. Asiwaju's spokesperson, Mr Tunde Rahman could not be reached on the telephone for his reactions.

Applied Optoelectronics, Inc. (AAOI) Shares Bought by Schwab Charles Investment Management Inc Broadview Advisors Llc increased Acxiom Corp (NASDAQ:ACXM) stake by 61,000 shares to 215,016 valued at $5.59 million in 2017Q2. Eulav Asset Management reported 8,000 shares stake. 6,200 were accumulated by Teachers Retirement Of The State Of Kentucky.

Voya Investment Management LLC Sells 1248 Shares of FedEx Corporation (FDX) The Echo Street Capital Management Llc holds 111,644 shares with $24.26M value, down from 152,222 last quarter. Finally, Deutsche Bank AG initiated coverage on shares of FedEx Corp.in a report on Wednesday, November 2nd.