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Wednesday, May 3rd, 2017

 

Panama case: SC rejects names proposed by SBP, SECP for JIT

ISLAMABAD (Dunya News) - A three-member special bench of Supreme Court (SC) headed by Justice Ejaz Afzal Khan on Wednesday has rejected the names proposed by Securities and Exchange Commission Pakistan (SECP) and the State Bank of Pakistan for the constitution of Joint Investigation Team (JIT). Hearing the case related to implementation of Panamagate verdict, the bench that also includes Justice Sheikh Azmat Saeed and Justice Ijaz-ul-Hassan has directed the chairmen of all the departments to appear in the court on Friday along with the list of all the officers in and above Grade 18. The court said that the names would be selected by keeping in view the past record of the officers which means that no corrupt official would be included in the team. Sources told that Securities and Exchange Commission of Pakistan (SECP) had proposed the names of Muzaffar Mirza, Ali Azeem and Usman Hayat whereas National Accountability Bureau (NAB) had named Balochistan NAB Director General Irfan Naeem Mangi, Karachi Director General Farmanullah, Operations DG Zahir Shah and Lahore NAB DG Saleem Shahzad. Three names sent by Federal Investigation Agency (FIA) included Additional Director General Wajid Zia, Additional Director General Captain (R) Ahmed Latif and Additional Director General Dr Shafiq-ur-Rehman. It is to be mentioned here that JIT will present its report to the special bench after every fifteen days whereas it will complete investigation within two months. The team will also be responsible to find answers of the following questions: Question No 1: How were Gulf Steel Mills set up? Question No 2: What happened with the returns of Gulf Steel Mills Question No 3: How did the money earned from Gulf Steel Mills ended up in Jeddah, Qatar and Britain? Question No 4: What were the reasons of selling Gulf Steel Mills? Question No 5: Did the young Hassan Nawaz and Hussain Nawaz have resources enough to buy flats in London in the 90s? Question No 6: Is the Qatari letter a reality or just a fabricated letter? Question No 7: Who is the real owner of Nelson and Nescol? Question No 8: How did the bearer certificates of the offshore companies turn into flats? Question No 9: Where did Hassan Nawaz get the money from for a flagship company and business in London, while there is no transaction recorded to prove the flow of money? Question No 10: How was Hill Metal Company set up? Question No 11: How did Hussain Nawaz gift millions of rupees to his father and where did the money for those gifts come from? On April 20, Justice Asif Saeed Khosa had announced Panama Leaks case decision comprising of 540 pages, saying that the court issued a split ruling calling for a joint investigation team of National Accountability Bureau (NAB), Federal Investigation Agency (FIA), State Bank of Pakistan, Inter-Services Intelligence and Military Intelligence that will be headed by a director-general level FIA officer. Two of the five judges went further, branding Sharif "dishonest" and saying he should be disqualified, but they were outnumbered. "A thorough investigation is required," Justice Asif Saeed Khosa said. The case against Sharif stems from documents leaked from the Panama-based Mossack Fonseca law firm, which appeared to show that his daughter and two sons owned offshore holding companies and used them to buy properties in London.

ISLAMABAD, MAY 03, (DNA) – A three-member special bench of Supreme Court (SC) headed by Justice Ejaz Afzal Khan on Wednesday has rejected the names proposed by Securities and Exchange Commission Pakistan (SECP) and the State Bank of Pakistan for the constitution of Joint Investigation Team (JIT). Hearing the case related to implementation of Panamagate verdict, the bench that also includes Justice Sheikh Azmat Saeed and Justice Ijaz-ul-Hassan has directed the chairmen of all the departments to appear in the court on Friday along with the list of all theRead More


PEMRA revokes licence of Bol News

http://www.dnanews.com.pk/pemra-revokes-licence-bol-news

ISLAMABAD, MAY 03, (DNA) – The Pakistan Electronic Media Regulatory Authority (PEMRA) has on Wednesday revoked the satellite television licences of Bol News and Bol Entertainment (Pak News) after the interior ministry denied clearance to its four directors. According to details, the press release issued by PEMRA includes the names of Shoaib Shaikh, Ayesha Shoaib Shaikh, Viqas Atiq and Sarwat Bashir. These directors belong to Labbaik (Pvt) Ltd, which owns the Bol News channel. “Bol News and Bol Entertainment (Pak News) have been ordered to surrender the original licences andRead More


India threatens to respond to Pakistan ‘at time and place of own choosing’

India threatens to respond to Pakistan 'at time and place of own choosing'

NEW DELHI, MAY 03, (DNA) – Continuing anti-Pakistan propaganda despite Pak Army’s clarification, Indian Vice Chief of Army Staff Sarath Chand on Wednesday threatened that ‘Pakistan will have to face the consequences and the army will respond at a time and place of its choosing,’. Earlier this week, the Indian army had accused that Pakistani forces fired rockets and mortar bombs at two Indian posts across the LoC and mutilated the bodies of two soldiers. The claim was strongly refuted by Pakistan Army on Tuesday. “I do not want toRead More


Lieutenant General A.W.J.C De Silva Chief of Sri Lankan Army visits GHQ

A 20-member French educational delegation visits Pakistan

RAWALPINDI, MAY 03, (DNA) – Lieutenant General A.W.J.C De Silva Chief of Sri Lankan Army visited GHQ today. Upon arrival he laid floral wreath at Yadgar-e-Shuhada. The visiting General called on Chief of Army Staff (COAS) General Qamar Javed Bajwa and was also briefed about Pakistan Army’s continuing campaign against terrorist and banned organisations. The Chief of Sri Lankan Army appreciated Pakistan Army’s achievements and contributions towards National and Regional security. The visiting General thanked Pakistan Army for incessant support to Sri Lankan’s fight against terrorism and expressed full confidence inRead More


Panamagate: CJP forms special bench to constitute JIT

Panamagate

ISLAMABAD, MAY 03, (DNA) – Chief Justice of Pakistan (CJP) Mian Saqib Nisar has formed a special bench in order to supervise the investigations by JIT. As per details, the three-member bench will be headed by Justice Ijaz Afzal and will also include Justice Sheikh Azmat Saeed and Justice Ijaz ul Hassan. The bench will initiate the hearing tomorrow and will constitute JIT that will investigate the matter while responding to questions being raised by the judges in Panamagate verdict. The JIT will present its report to the special benchRead More


Balochistan offers economic opportunities for Europe: Sarfraz Bugti

Balochistan

ISLAMABAD, MAY 03, (DNA) – China Pakistan Economic Corridor (CPEC) has emerged as a game changer for the Balochistan as the project would bring immense economic opportunities for the province as well as the neighbouring countries of Pakistan, Balochistan’s Minister for Home and Tribal affairs, Sarfraz Ahmed Bugti has said. According to a message received here Tuesday from Brussels, he was addressing the Pakistani diaspora at the Embassy of Pakistan on the very first day of the four-day visit along with nine-member high level delegation from Balochistan led by MinisterRead More