AIRLINK 72.13 Increased By ▲ 2.93 (4.23%)
BOP 5.04 Increased By ▲ 0.14 (2.86%)
CNERGY 4.32 Increased By ▲ 0.06 (1.41%)
DFML 31.40 Increased By ▲ 0.15 (0.48%)
DGKC 80.37 Increased By ▲ 3.12 (4.04%)
FCCL 21.03 Increased By ▲ 1.03 (5.15%)
FFBL 34.82 Decreased By ▼ -0.18 (-0.51%)
FFL 9.17 Increased By ▲ 0.05 (0.55%)
GGL 9.81 Increased By ▲ 0.01 (0.1%)
HBL 113.40 Increased By ▲ 0.64 (0.57%)
HUBC 134.20 Increased By ▲ 1.16 (0.87%)
HUMNL 7.02 Increased By ▲ 0.07 (1.01%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.20 Increased By ▲ 0.60 (1.64%)
OGDC 135.40 Increased By ▲ 2.53 (1.9%)
PAEL 23.69 Increased By ▲ 1.05 (4.64%)
PIAA 24.60 Increased By ▲ 0.40 (1.65%)
PIBTL 6.52 Increased By ▲ 0.06 (0.93%)
PPL 120.40 Increased By ▲ 4.10 (3.53%)
PRL 26.33 Increased By ▲ 0.43 (1.66%)
PTC 13.20 Increased By ▲ 0.12 (0.92%)
SEARL 52.40 Increased By ▲ 0.40 (0.77%)
SNGP 71.40 Increased By ▲ 3.80 (5.62%)
SSGC 10.60 Increased By ▲ 0.06 (0.57%)
TELE 8.40 Increased By ▲ 0.12 (1.45%)
TPLP 11.11 Increased By ▲ 0.31 (2.87%)
TRG 60.51 Increased By ▲ 1.22 (2.06%)
UNITY 25.21 Increased By ▲ 0.08 (0.32%)
WTL 1.27 No Change ▼ 0.00 (0%)
BR100 7,490 Increased By 81.2 (1.1%)
BR30 24,512 Increased By 475.5 (1.98%)
KSE100 71,505 Increased By 838.4 (1.19%)
KSE30 23,444 Increased By 220 (0.95%)

LAHORE: A special court (offences in bank) on Wednesday postponed indictment of Prime Minister Shehbaz Sharif and former chief minister Punjab Hamza Shehbaz till September 17 in money laundering case.

The premier’s counsel requested for one-day exemption over his engagements in Islamabad due to relief and rescue efforts for flood-related activities. The court also sought replies from the Federal Investigating Agency (FIA) till next hearing in acquittal applications of Shehbaz Sharif and Hamza Shehbaz.

The court also issued notice to NAB for September 10 on a petition praying to restore the accounts of the Remzan Sugar Mills.

Earlier, the counsel said Pakistan had never witnessed such devastating floods. All the government departments and officials led by the Prime Minister are busy in monitoring relief activities.

The court observed that the hearing was adjourned for a month and sparing 10 minutes for a hearing was not so difficult. The counsel responded that it was necessary for his client to visit Lahore for the hearing.

The FIA prosecutor did not oppose the exemption plea and the court accordingly accepted their pleas.

The counsel also asked the court to unfreeze the bank accounts of Remzan Sugar Mills. He, therefore, prayed the court to fix the petition as the crushing season is going on. The court hinted at restoring the accounts of the company for payment of salaries to the mills staff and the electricity bills and issued notices to the NAB for September 10.

Shehbaz and his sons Hamza and Suleman were booked by the FIA in November 2020 under sections of financial fraud, impersonation and forgery and criminal misconduct of Prevention of Corruption Act and read with 3/4 of Anti-Money Laundering Act. Suleman Shehbaz is absconding in the UK.

Copyright Business Recorder, 2022

Comments

Comments are closed.