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Yousuf Raza Gilani challenges the jurisdiction of NAB in the Toshakhana case.

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2 months ago

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Through his attorney, Gilani contested the NAB court’s jurisdiction after the Supreme Court upheld the NAB’s modifications.

Judge Abid Sajjad of the accountability court in Islamabad has sent a notice to NAB asking them to clarify whether or not the Toshakhana matter is within their purview following preliminary arguments.

The hearing on the petition has been postponed by the court until September 26.

Toshakhana reference
The former heads of state were the subject of a reference from the NAB to the accountability court for failing to deposit expensive cars and presents from foreign leaders into the treasury.

According to NAB sources, Asif Ali Zardari, the former president, only paid 15% of the total cost of the cars he got as presents through fictitious accounts.

According to the reports, Zardari did not deposit the luxurious cars he received as a gift from Libya and the UAE while serving as president in the Tosha Khana.

As prime ministers, Nawaz Sharif and Yousaf Raza Gillani also accepted cars as gifts from various foreign dignitaries, but they kept them for personal use rather than putting them in the national coffers.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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