Your Cart

Authorities unfreeze Dar’s property on NAB order

LAHORE: The district administration of Lahore restored Pakistan Muslim League-Nawaz (PML-N) chief and Finance Minister Ishaq Dar’s frozen property on Thursday on orders of the Nationwide Accountability Bureau (NAB).

NAB additionally issued a notification to the related authorities to revive the finance minister’s financial institution accounts which had earlier been frozen.

Earlier this month, the bureau’s Lahore headquarters issued a letter to the district administration to revive the frozen property of the finance minister.

It had ordered unfreezing the property of Hajveri Home whereas directing the involved authorities to revive Rs507.9 million to the account of Financial institution Alfalah and Rs0.365 million to the account of Habib Financial institution.

Dar’s property had been frozen after his steady absence from court docket proceedings.

It’s pertinent to say right here {that a} reference towards Dar, Saeed Ahmed, Naeem Mahmood, and Mansoor Raza Rizvi was filed in 2017. Within the reference, NAB alleged that the finance minister acquired property and ‘pecuniary pursuits’ and sources past his recognized sources of earnings in his personal title and within the title of his dependents amounting to Rs831.678 million.

Earlier in November, an Islamabad accountability court docket despatched a reference towards the finance minister and others in an assets-beyond-means case again to the NAB, saying that it didn’t have the jurisdiction to behave underneath the brand new NAB legal guidelines.

Dar had approached the accountability court docket looking for his acquittal within the case, unfreezing of his property, and a everlasting exemption from private attendance in proceedings.

The choose mentioned that the reference doesn’t fall underneath his court docket’s jurisdiction underneath the brand new NAB legal guidelines.

In accordance with Categorical Information, Dar has taken custody of Hajveri Home immediately (Thursday) whereas the financial institution accounts are additionally anticipated to be restored quickly.

× WhatsApp