Courts of Law

ISLAMABAD: The Sup­reme Court on Sunday ordered placing of names on the Exit Control List (ECL) of presidents and chief executive officers of three banks allegedly involved in Rs35 billion suspicious transactions used in money laundering. A three-judge bench, headed by Chief Justice Mian Saqib Nisar, also summoned the CEOs and presidents of the Summit […]

The Supreme Court has ordered National Refinery to pay Rs3.05 billion to the State Bank of Pakistan (SBP) for failing to pay Saudi Aramco (Saudi Arabian Oil Company) its dues on time. A three-member bench headed by Chief Justice Mian Saqib Nisar heard the case, filed by the Federal Board of Revenue (FBR). It concerned […]

ISLAMABAD: The National Accountability Bureau (NAB) has challenged the Lahore High Court’s (LHC) verdict to halt the inquiry into the 15-year-old case of privatisation of Muslim Commercial Bank (MCB) against Mian Muhammad Mansha in the apex court, it was learnt here. The NAB had conducted a preliminary inquiry into the privatisation of MCB in the year […]

ISLAMABAD: The wings of Finance Minister Ishaq Dar have been clipped in the wake of a Supreme Court (SC) ruling which implies that decisions of the Economic Coordination Committee (ECC) should not be implemented without ratification from the cabinet. To comply with the court order, the ECC – the economic decision-making body with Dar as chairman […]

LAHORE – About two dozen cases of willful loan default, misappropriation of funds, embezzlement, misuse of authority and corrupt practices involving a total of Rs 7,123.62 million could not be finalised by the National Accountability Bureau Lahore because the superior courts issued stay orders or quashed notices served on various industrial units and their high-ups. […]

NIB Bank Limited Banking Court NO 1

NIB Bank Limited Banking Court NO 1

RAWALPINDI – Banking Court judge, Sabir Sultan has formally issued order to release super model Ayyan Ali on Thursday. According to details, court has accepted the surety bonnds submitted on behalf of Ayyan Ali and ordered release of model in the currency smuggling case. Soces revealed that court’s written order about Ayyan release would be […]